Bank of New York Mellon Corp Has $1.74 Million Stock Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Bank of New York Mellon Corp boosted its stake in Rocky Brands, Inc. (NASDAQ:RCKY) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,195 shares of the textile maker’s stock after purchasing an additional 10,584 shares during the period. Bank of New York Mellon Corp’s holdings in Rocky Brands were worth $1,737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RCKY. Waterfront Wealth Inc. bought a new position in Rocky Brands in the 4th quarter valued at approximately $431,000. Geode Capital Management LLC raised its stake in shares of Rocky Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 168,315 shares of the textile maker’s stock valued at $5,364,000 after acquiring an additional 7,353 shares during the last quarter. Barclays PLC raised its stake in shares of Rocky Brands by 292.3% during the third quarter. Barclays PLC now owns 9,757 shares of the textile maker’s stock valued at $311,000 after acquiring an additional 7,270 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Rocky Brands during the third quarter valued at $224,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Rocky Brands by 133.8% during the third quarter. JPMorgan Chase & Co. now owns 8,182 shares of the textile maker’s stock valued at $261,000 after acquiring an additional 4,683 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Rocky Brands Trading Down 1.5 %

NASDAQ:RCKY opened at $17.85 on Friday. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $133.05 million, a price-to-earnings ratio of 10.03 and a beta of 2.18. The firm has a fifty day simple moving average of $22.30 and a two-hundred day simple moving average of $24.42. Rocky Brands, Inc. has a 12 month low of $17.80 and a 12 month high of $40.14.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). The business had revenue of $128.05 million for the quarter, compared to analyst estimates of $125.44 million. Rocky Brands had a net margin of 2.94% and a return on equity of 7.74%.

Rocky Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, March 3rd. Rocky Brands’s payout ratio is currently 41.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th.

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.