WINTON GROUP Ltd reduced its holdings in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,110 shares of the textile maker’s stock after selling 772 shares during the quarter. WINTON GROUP Ltd’s holdings in Rocky Brands were worth $840,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. lifted its holdings in Rocky Brands by 6.3% during the first quarter. BlackRock Inc. now owns 545,842 shares of the textile maker’s stock worth $29,509,000 after acquiring an additional 32,527 shares during the period. Geode Capital Management LLC lifted its holdings in Rocky Brands by 5.0% during the first quarter. Geode Capital Management LLC now owns 127,358 shares of the textile maker’s stock worth $6,884,000 after acquiring an additional 6,041 shares during the period. SG Capital Management LLC raised its stake in shares of Rocky Brands by 1,755.4% in the second quarter. SG Capital Management LLC now owns 100,821 shares of the textile maker’s stock valued at $5,606,000 after buying an additional 95,387 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Rocky Brands by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 93,548 shares of the textile maker’s stock valued at $5,058,000 after buying an additional 2,021 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Rocky Brands by 15.8% in the second quarter. Hillsdale Investment Management Inc. now owns 82,963 shares of the textile maker’s stock valued at $4,614,000 after buying an additional 11,300 shares during the period. Institutional investors and hedge funds own 70.82% of the company’s stock.
Shares of NASDAQ RCKY opened at $48.84 on Friday. The stock has a market cap of $355.99 million, a PE ratio of 13.95 and a beta of 0.55. Rocky Brands, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $69.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.03 and a current ratio of 2.54. The stock has a fifty day moving average of $49.57 and a 200-day moving average of $52.43.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Thursday, September 2nd were given a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, September 1st. This is a boost from Rocky Brands’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a dividend yield of 1.27%. Rocky Brands’s payout ratio is 19.75%.
Several analysts have issued reports on the company. BTIG Research assumed coverage on Rocky Brands in a research note on Tuesday, July 27th. They issued a “buy” rating and a $79.00 target price on the stock. Robert W. Baird boosted their target price on Rocky Brands from $40.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, June 14th. Finally, Zacks Investment Research lowered Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, August 7th.
Rocky Brands Profile
Rocky Brands, Inc engages in the design, manufacture, and marketing of footwear and apparel. Its brand includes Rocky, Georgia Boot, Durango, Lehigh, and Michelin. It operates through the following segments: Wholesale, Retail, and Military. The Wholesale segment distributes products through retail stores.
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