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

Segall Bryant & Hamill LLC purchased a new stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 41,626 shares of the textile maker’s stock, valued at approximately $1,240,000. Segall Bryant & Hamill LLC owned about 0.56% of Rocky Brands at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC bought a new position in shares of Rocky Brands in the third quarter valued at approximately $1,037,000. Aristides Capital LLC boosted its holdings in Rocky Brands by 52.6% during 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Rocky Brands during the third quarter valued at $1,772,000. Hillsdale Investment Management Inc. increased its holdings in shares of Rocky Brands by 48.9% during the third 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 in the last quarter. Finally, Russell Investments Group Ltd. grew 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 purchasing an additional 74,668 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings cut Rocky Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Wall Street Zen lowered Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. One 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 company currently has an average rating of “Hold” and an average price target of $42.00.

Rocky Brands Trading Down 2.8%

RCKY stock opened at $43.77 on Friday. Rocky Brands, Inc. has a one year low of $11.93 and a one year high of $48.70. The stock has a market cap of $327.84 million, a price-to-earnings ratio of 14.79 and a beta of 2.62. The company has a fifty day moving average price of $34.23 and a two-hundred day moving average price of $31.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.74 and a quick ratio of 0.88.

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

Rocky Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.155 dividend. 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 is 20.95%.

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.