13,320 Shares in Rocky Brands, Inc. $RCKY Bought by Walleye Capital LLC

Walleye Capital LLC bought a new stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 13,320 shares of the textile maker’s stock, valued at approximately $516,000.

Several other large investors have also recently bought and sold shares of RCKY. State of Alaska Department of Revenue acquired a new stake in Rocky Brands in the 4th quarter worth $35,000. BNP Paribas Financial Markets raised its position in shares of Rocky Brands by 391.2% during the third quarter. BNP Paribas Financial Markets now owns 3,645 shares of the textile maker’s stock valued at $109,000 after buying an additional 2,903 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Rocky Brands during the first quarter valued at about $149,000. Deutsche Bank AG lifted its stake in shares of Rocky Brands by 10.0% in the fourth quarter. Deutsche Bank AG now owns 5,113 shares of the textile maker’s stock valued at $150,000 after buying an additional 464 shares during the period. Finally, Strs Ohio bought a new stake in shares of Rocky Brands in the first quarter valued at about $92,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Rocky Brands Trading Up 0.7%

Shares of Rocky Brands stock opened at $40.37 on Friday. Rocky Brands, Inc. has a 52-week low of $22.61 and a 52-week high of $48.70. The firm has a market capitalization of $304.39 million, a PE ratio of 16.34 and a beta of 2.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.90 and a quick ratio of 1.02. The company’s fifty day moving average price is $39.32 and its two-hundred day moving average price is $38.12.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Tuesday, April 28th. The textile maker reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Rocky Brands had a return on equity of 8.43% and a net margin of 3.78%.The business had revenue of $124.40 million for the quarter, compared to the consensus estimate of $122.42 million.

Rocky Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.7%. This is a boost from Rocky Brands’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, June 1st. Rocky Brands’s dividend payout ratio (DPR) is currently 27.53%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RCKY shares. Wall Street Zen lowered Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rocky Brands in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.00.

Rocky Brands Company 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.