LSV Asset Management Has $1.68 Million Position in Rocky Brands, Inc. $RCKY

LSV Asset Management grew its stake in Rocky Brands, Inc. (NASDAQ:RCKY) by 87.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,262 shares of the textile maker’s stock after purchasing an additional 26,201 shares during the quarter. LSV Asset Management owned approximately 0.75% of Rocky Brands worth $1,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RCKY. Aristides Capital LLC grew its position in shares of Rocky Brands by 52.6% in the second quarter. Aristides Capital LLC now owns 29,943 shares of the textile maker’s stock valued at $664,000 after purchasing an additional 10,317 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in Rocky Brands in the 3rd quarter valued at $1,037,000. Allspring Global Investments Holdings LLC acquired a new position in Rocky Brands in the 3rd quarter valued at $1,772,000. Russell Investments Group Ltd. lifted its holdings in shares of Rocky Brands by 686.0% during the second quarter. Russell Investments Group Ltd. now owns 85,553 shares of the textile maker’s stock worth $1,898,000 after buying an additional 74,668 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rocky Brands during the second quarter worth $323,000. Institutional investors own 75.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RCKY. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rocky Brands in a research report on Monday, December 29th. Robert W. Baird set a $42.00 price target on shares of Rocky Brands in a research report on Wednesday, October 29th. Citigroup reiterated a “neutral” rating on shares of Rocky Brands in a research note on Wednesday, October 29th. BTIG Research reaffirmed a “neutral” rating on shares of Rocky Brands in a report on Wednesday, October 29th. Finally, Wall Street Zen upgraded Rocky Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Rocky Brands Stock Up 0.4%

NASDAQ RCKY opened at $33.11 on Tuesday. The business has a fifty day moving average price of $31.43 and a two-hundred day moving average price of $29.76. The stock has a market capitalization of $247.99 million, a PE ratio of 12.08 and a beta of 2.72. Rocky Brands, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $34.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.74 and a quick ratio of 0.88.

About Rocky Brands

Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.

Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.