Segall Bryant & Hamill LLC Takes $1.24 Million Position in Rocky Brands, Inc. $RCKY

Segall Bryant & Hamill LLC purchased a new position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 41,626 shares of the textile maker’s stock, valued at approximately $1,240,000.

Several other large investors have also made changes to their positions in RCKY. Raymond James Financial Inc. lifted its stake in Rocky Brands by 24.3% during the second quarter. Raymond James Financial Inc. now owns 557,502 shares of the textile maker’s stock worth $12,371,000 after purchasing an additional 109,012 shares during the last quarter. Vanguard Group Inc. boosted its stake in Rocky Brands by 2.2% in the third quarter. Vanguard Group Inc. now owns 421,576 shares of the textile maker’s stock valued at $12,559,000 after buying an additional 8,892 shares in the last quarter. American Century Companies Inc. raised its position in Rocky Brands by 5.1% in the second quarter. American Century Companies Inc. now owns 247,352 shares of the textile maker’s stock valued at $5,489,000 after purchasing an additional 11,941 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Rocky Brands by 48.9% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 183,592 shares of the textile maker’s stock worth $5,469,000 after buying an additional 60,330 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Rocky Brands by 0.8% during the second quarter. Geode Capital Management LLC now owns 170,407 shares of the textile maker’s stock valued at $3,782,000 after acquiring an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on RCKY shares. Weiss Ratings lowered Rocky Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Wall Street Zen lowered shares of Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.00.

Rocky Brands Stock Performance

Shares of RCKY stock opened at $43.77 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 2.74. The firm has a market cap of $327.84 million, a price-to-earnings ratio of 14.79 and a beta of 2.62. The firm’s 50-day simple moving average is $34.23 and its two-hundred day simple moving average is $31.06. Rocky Brands, Inc. has a 52 week low of $11.93 and a 52 week high of $48.70.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.46. Rocky Brands had a return on equity of 10.20% and a net margin of 4.62%.The business had revenue of $139.72 million during the quarter, compared to analyst estimates of $134.05 million.

Rocky Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.155 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.62 annualized dividend and a dividend yield of 1.4%. Rocky Brands’s dividend payout ratio (DPR) is 20.95%.

Rocky Brands Profile

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.