American Century Companies Inc. Raises Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

American Century Companies Inc. increased its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213,991 shares of the textile maker's stock after buying an additional 25,806 shares during the quarter. American Century Companies Inc. owned about 2.87% of Rocky Brands worth $4,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RCKY. Raymond James Financial Inc. acquired a new stake in shares of Rocky Brands in the 4th quarter worth $9,643,000. Waterfront Wealth Inc. acquired a new stake in Rocky Brands during the fourth quarter worth about $431,000. Bailard Inc. purchased a new position in Rocky Brands during the fourth quarter worth about $277,000. Bank of New York Mellon Corp raised its stake in Rocky Brands by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 76,195 shares of the textile maker's stock worth $1,737,000 after purchasing an additional 10,584 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in Rocky Brands by 80.7% in the 4th quarter. Inspire Advisors LLC now owns 19,221 shares of the textile maker's stock valued at $438,000 after purchasing an additional 8,582 shares during the last quarter. Institutional investors and hedge funds own 75.06% of the company's stock.

Rocky Brands Trading Down 8.8 %

Shares of NASDAQ:RCKY traded down $1.29 during midday trading on Thursday, reaching $13.39. 66,811 shares of the company's stock were exchanged, compared to its average volume of 45,480. The stock has a market cap of $99.93 million, a price-to-earnings ratio of 7.52 and a beta of 2.25. Rocky Brands, Inc. has a fifty-two week low of $12.99 and a fifty-two week high of $40.14. The firm's 50 day simple moving average is $19.60 and its two-hundred day simple moving average is $22.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93.

Remove Ads

Rocky Brands (NASDAQ:RCKY - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The company had revenue of $128.05 million for the quarter, compared to analysts' expectations of $125.44 million.

Rocky Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Monday, March 3rd. Rocky Brands's dividend payout ratio (DPR) is 41.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Rocky Brands from a "buy" rating to a "hold" rating in a research report on Saturday, February 8th.

Rocky Brands 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.