Royce & Associates LP Has $6.06 Million Stock Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Royce & Associates LP lowered its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 23.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,110 shares of the textile maker’s stock after selling 57,039 shares during the quarter. Royce & Associates LP owned 2.55% of Rocky Brands worth $6,057,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RCKY. Victory Capital Management Inc. grew its holdings in shares of Rocky Brands by 29.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker’s stock valued at $100,000 after buying an additional 618 shares during the period. Yarger Wealth Strategies LLC lifted its holdings in Rocky Brands by 7.7% during the second quarter. Yarger Wealth Strategies LLC now owns 9,737 shares of the textile maker’s stock worth $360,000 after acquiring an additional 692 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Rocky Brands by 59.5% in the first quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker’s stock valued at $97,000 after acquiring an additional 1,332 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Rocky Brands by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 71,353 shares of the textile maker’s stock worth $2,637,000 after acquiring an additional 2,962 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Rocky Brands during the second quarter worth about $149,000. Institutional investors own 75.06% of the company’s stock.

Rocky Brands Stock Down 1.2 %

RCKY stock opened at $20.96 on Monday. The business has a 50-day moving average of $27.79 and a 200-day moving average of $31.88. Rocky Brands, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $40.14. The stock has a market capitalization of $156.24 million, a P/E ratio of 11.78 and a beta of 2.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.85.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.22). The business had revenue of $114.55 million for the quarter. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RCKY. StockNews.com lowered Rocky Brands from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird lowered their price objective on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st.

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.