Raymond James & Associates Sells 25,807 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Raymond James & Associates lessened its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,822 shares of the textile maker's stock after selling 25,807 shares during the period. Raymond James & Associates owned about 5.10% of Rocky Brands worth $12,101,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC acquired a new position in Rocky Brands during the first quarter worth approximately $517,000. Allspring Global Investments Holdings LLC increased its position in Rocky Brands by 24.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 132,009 shares of the textile maker's stock worth $4,879,000 after buying an additional 25,573 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Rocky Brands by 39.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 23,518 shares of the textile maker's stock worth $638,000 after buying an additional 6,646 shares during the last quarter. American Century Companies Inc. increased its position in Rocky Brands by 23.0% during the second quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker's stock worth $4,776,000 after buying an additional 24,135 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Rocky Brands by 59.5% during the first quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker's stock worth $97,000 after buying an additional 1,332 shares during the last quarter. Institutional investors own 75.06% of the company's stock.

Rocky Brands Stock Performance

NASDAQ RCKY traded up $0.10 during trading on Tuesday, reaching $27.72. 22,725 shares of the company's stock were exchanged, compared to its average volume of 38,707. The business has a 50 day moving average price of $30.20 and a 200-day moving average price of $32.36. The stock has a market capitalization of $205.77 million, a P/E ratio of 15.31 and a beta of 2.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.87 and a quick ratio of 0.85. Rocky Brands, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $40.14.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last posted its earnings results on Tuesday, July 30th. The textile maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. Rocky Brands had a return on equity of 8.85% and a net margin of 3.21%. The company had revenue of $98.26 million for the quarter.

Rocky Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Tuesday, September 3rd. Rocky Brands's payout ratio is 34.25%.

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.