American Century Companies Inc. Purchases 21,420 Shares of Rocky Brands, Inc. $RCKY

American Century Companies Inc. raised its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 235,411 shares of the textile maker’s stock after acquiring an additional 21,420 shares during the quarter. American Century Companies Inc. owned approximately 3.16% of Rocky Brands worth $4,089,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RCKY. GSA Capital Partners LLP bought a new stake in Rocky Brands during the 1st quarter valued at approximately $606,000. Koss Olinger Consulting LLC bought a new stake in Rocky Brands during the 1st quarter valued at approximately $476,000. Diamond Hill Capital Management Inc. boosted its position in Rocky Brands by 19.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 136,554 shares of the textile maker’s stock valued at $2,372,000 after acquiring an additional 22,596 shares in the last quarter. Millennium Management LLC boosted its position in Rocky Brands by 185.9% during the 4th quarter. Millennium Management LLC now owns 30,913 shares of the textile maker’s stock valued at $705,000 after acquiring an additional 20,100 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Rocky Brands during the 1st quarter valued at approximately $345,000. 75.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director G Courtney Haning sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $31.00, for a total value of $155,000.00. Following the completion of the transaction, the director directly owned 19,482 shares in the company, valued at $603,942. The trade was a 20.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RCKY has been the topic of several research reports. Wall Street Zen cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Monday, May 12th. Baird R W upgraded shares of Rocky Brands from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Robert W. Baird upgraded shares of Rocky Brands from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $40.00 in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $40.00.

Rocky Brands Price Performance

RCKY stock opened at $30.43 on Friday. The firm has a 50 day moving average price of $25.08 and a 200-day moving average price of $21.18. Rocky Brands, Inc. has a 52-week low of $11.93 and a 52-week high of $33.04. The firm has a market capitalization of $227.31 million, a price-to-earnings ratio of 12.27 and a beta of 2.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.79 and a current ratio of 2.76.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings data on Tuesday, July 29th. The textile maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.31. Rocky Brands had a net margin of 4.03% and a return on equity of 10.41%. The company had revenue of $105.65 million during the quarter, compared to analyst estimates of $102.54 million.

Rocky Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, September 2nd. Rocky Brands’s payout ratio is presently 25.00%.

Rocky Brands 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.