SG Americas Securities LLC Buys New Position in Rocky Brands, Inc. (NASDAQ:RCKY)

SG Americas Securities LLC purchased a new position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,899 shares of the textile maker’s stock, valued at approximately $118,000. SG Americas Securities LLC owned approximately 0.05% of Rocky Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP raised its stake in shares of Rocky Brands by 103.8% during the first quarter. Quantbot Technologies LP now owns 801 shares of the textile maker’s stock worth $33,000 after acquiring an additional 408 shares in the last quarter. Barclays PLC raised its stake in shares of Rocky Brands by 485.4% during the fourth quarter. Barclays PLC now owns 1,850 shares of the textile maker’s stock worth $44,000 after acquiring an additional 1,534 shares in the last quarter. Citigroup Inc. raised its stake in shares of Rocky Brands by 8,929.2% during the second quarter. Citigroup Inc. now owns 2,167 shares of the textile maker’s stock worth $46,000 after acquiring an additional 2,143 shares in the last quarter. UBS Group AG raised its stake in shares of Rocky Brands by 538.8% during the fourth quarter. UBS Group AG now owns 2,555 shares of the textile maker’s stock worth $60,000 after acquiring an additional 2,155 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Rocky Brands by 78.5% during the second quarter. Wells Fargo & Company MN now owns 3,289 shares of the textile maker’s stock worth $69,000 after acquiring an additional 1,446 shares in the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RCKY has been the topic of several analyst reports. B. Riley lifted their target price on shares of Rocky Brands from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. StockNews.com raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Wednesday.

Rocky Brands Stock Down 2.7 %

Shares of NASDAQ RCKY opened at $25.89 on Friday. The company has a quick ratio of 1.24, a current ratio of 3.61 and a debt-to-equity ratio of 0.76. Rocky Brands, Inc. has a 52 week low of $11.77 and a 52 week high of $32.38. The firm’s fifty day moving average is $27.16 and its 200 day moving average is $25.00. The company has a market cap of $192.10 million, a price-to-earnings ratio of 18.23 and a beta of 1.97.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings results on Wednesday, February 28th. The textile maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.09. The business had revenue of $125.95 million for the quarter, compared to analysts’ expectations of $128.90 million. Rocky Brands had a net margin of 2.26% and a return on equity of 6.70%. On average, equities research analysts expect that Rocky Brands, Inc. will post 1.96 earnings per share for the current year.

Rocky Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, March 1st. Rocky Brands’s dividend payout ratio (DPR) is currently 43.66%.

About Rocky Brands

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.