Barclays PLC Has $311,000 Stock Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Barclays PLC lifted its holdings in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 292.3% during the 3rd quarter, Holdings Channel reports. The firm owned 9,757 shares of the textile maker’s stock after purchasing an additional 7,270 shares during the quarter. Barclays PLC’s holdings in Rocky Brands were worth $311,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in Rocky Brands by 29.5% in the second quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker’s stock valued at $100,000 after buying an additional 618 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Rocky Brands during the 3rd quarter valued at $224,000. Inspire Advisors LLC bought a new position in Rocky Brands during the third quarter worth $339,000. Summit Global Investments acquired a new stake in Rocky Brands in the third quarter worth $341,000. Finally, Jane Street Group LLC increased its stake in Rocky Brands by 25.9% in the third quarter. Jane Street Group LLC now owns 11,631 shares of the textile maker’s stock valued at $371,000 after purchasing an additional 2,392 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Rocky Brands Stock Up 1.6 %

Shares of NASDAQ RCKY opened at $24.17 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. Rocky Brands, Inc. has a 1 year low of $19.65 and a 1 year high of $40.14. The stock has a market capitalization of $180.07 million, a P/E ratio of 13.58 and a beta of 2.10. The company has a 50-day moving average price of $22.41 and a 200-day moving average price of $27.49.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.22). Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The company had revenue of $114.55 million for the quarter.

Rocky Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 2.57%. The ex-dividend date was Tuesday, December 3rd. Rocky Brands’s dividend payout ratio (DPR) is presently 34.83%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RCKY. Robert W. Baird cut their price objective on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Rocky Brands Company 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.