SG Americas Securities LLC Purchases New Shares in Rocky Brands, Inc. (NASDAQ:RCKY)

SG Americas Securities LLC purchased a new stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,899 shares of the textile maker’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its holdings in Rocky Brands by 15.7% during the 1st quarter. FMR LLC now owns 1,047,631 shares of the textile maker’s stock valued at $24,169,000 after buying an additional 141,969 shares during the period. Dimensional Fund Advisors LP raised its holdings in Rocky Brands by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 579,909 shares of the textile maker’s stock valued at $13,378,000 after buying an additional 17,193 shares during the period. Raymond James & Associates raised its holdings in Rocky Brands by 3.3% during the 3rd quarter. Raymond James & Associates now owns 511,398 shares of the textile maker’s stock valued at $7,518,000 after buying an additional 16,427 shares during the period. BlackRock Inc. raised its holdings in Rocky Brands by 6.2% during the 2nd quarter. BlackRock Inc. now owns 463,717 shares of the textile maker’s stock valued at $9,738,000 after buying an additional 26,884 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Rocky Brands by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 389,757 shares of the textile maker’s stock valued at $5,729,000 after buying an additional 20,982 shares during the period. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Rocky Brands Stock Performance

RCKY stock opened at $25.89 on Friday. The company has a quick ratio of 1.24, a current ratio of 3.61 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $27.16 and its two-hundred day simple moving average is $25.00. Rocky Brands, Inc. has a twelve month low of $11.77 and a twelve month high of $32.38. The firm has a market cap of $192.10 million, a price-to-earnings ratio of 18.23 and a beta of 1.97.

Rocky Brands (NASDAQ:RCKY) last released its earnings results on Wednesday, February 28th. The textile maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. Rocky Brands had a return on equity of 6.70% and a net margin of 2.26%. The business had revenue of $125.95 million for the quarter, compared to analyst estimates of $128.90 million. Analysts predict that Rocky Brands, Inc. will post 1.96 earnings per share for the current year.

Rocky Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, March 1st. Rocky Brands’s payout ratio is 43.66%.

Analyst Ratings Changes

A number of research firms have weighed in on RCKY. StockNews.com upgraded Rocky Brands from a “hold” rating to a “buy” rating in a research note on Wednesday. B. Riley increased their target price on Rocky Brands from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th.

Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.