Rocky Brands, Inc. $RCKY Stock Holdings Lessened by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC reduced its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 7.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,449 shares of the textile maker’s stock after selling 1,943 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Rocky Brands were worth $565,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RCKY. Diamond Hill Capital Management Inc. lifted its position in Rocky Brands by 19.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 136,554 shares of the textile maker’s stock valued at $2,372,000 after purchasing an additional 22,596 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Rocky Brands in the 1st quarter valued at about $606,000. Charles Schwab Investment Management Inc. lifted its position in Rocky Brands by 8.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,138 shares of the textile maker’s stock valued at $367,000 after purchasing an additional 1,563 shares during the last quarter. Nuveen LLC bought a new stake in Rocky Brands in the 1st quarter valued at about $345,000. Finally, American Century Companies Inc. lifted its position in Rocky Brands by 10.0% in the 1st quarter. American Century Companies Inc. now owns 235,411 shares of the textile maker’s stock valued at $4,089,000 after purchasing an additional 21,420 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RCKY has been the topic of several recent research reports. Robert W. Baird upgraded shares of Rocky Brands from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $40.00 in a research report on Tuesday, August 26th. Baird R W upgraded shares of Rocky Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rocky Brands in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $40.00.

Rocky Brands Stock Down 1.8%

RCKY stock opened at $29.37 on Tuesday. Rocky Brands, Inc. has a 52 week low of $11.93 and a 52 week high of $31.38. The company has a market capitalization of $219.34 million, a price-to-earnings ratio of 11.84 and a beta of 2.44. The firm’s 50-day moving average is $28.93 and its two-hundred day moving average is $24.05. The company has a current ratio of 2.76, a quick ratio of 0.79 and a debt-to-equity ratio of 0.52.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings results on Tuesday, July 29th. The textile maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.31. Rocky Brands had a net margin of 4.03% and a return on equity of 10.41%. The company had revenue of $105.65 million for the quarter, compared to the consensus estimate of $102.54 million.

Rocky Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.62 annualized dividend and a dividend yield of 2.1%. Rocky Brands’s payout ratio is currently 25.00%.

Insider Buying and Selling at Rocky Brands

In other news, Director Tracie A. Winbigler sold 5,000 shares of Rocky Brands stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $29.95, for a total value of $149,750.00. Following the transaction, the director owned 6,978 shares of the company’s stock, valued at $208,991.10. The trade was a 41.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William L. Jordan sold 5,000 shares of Rocky Brands stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $30.10, for a total transaction of $150,500.00. Following the completion of the transaction, the director directly owned 18,683 shares in the company, valued at $562,358.30. This represents a 21.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock worth $754,400. 5.10% of the stock is currently owned by company insiders.

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.