LSV Asset Management Buys 26,201 Shares of Rocky Brands, Inc. $RCKY

LSV Asset Management boosted its stake in Rocky Brands, Inc. (NASDAQ:RCKY) by 87.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,262 shares of the textile maker’s stock after purchasing an additional 26,201 shares during the period. LSV Asset Management’s holdings in Rocky Brands were worth $1,676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RCKY. Prudential Financial Inc. increased its holdings in shares of Rocky Brands by 2.9% during the second quarter. Prudential Financial Inc. now owns 28,445 shares of the textile maker’s stock worth $631,000 after buying an additional 800 shares in the last quarter. First Trust Advisors LP increased its holdings in Rocky Brands by 4.2% in the 2nd quarter. First Trust Advisors LP now owns 24,086 shares of the textile maker’s stock worth $534,000 after purchasing an additional 963 shares in the last quarter. Geode Capital Management LLC raised its position in Rocky Brands by 0.8% in the second quarter. Geode Capital Management LLC now owns 170,407 shares of the textile maker’s stock valued at $3,782,000 after purchasing an additional 1,303 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Rocky Brands by 6.8% during the first quarter. Empowered Funds LLC now owns 34,672 shares of the textile maker’s stock valued at $602,000 after purchasing an additional 2,205 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Rocky Brands during the first quarter worth about $92,000. Institutional investors own 75.06% of the company’s stock.

Wall Street Analyst Weigh In

RCKY has been the subject of several recent research reports. Wall Street Zen raised Rocky Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 25th. BTIG Research restated a “neutral” rating on shares of Rocky Brands in a research report on Wednesday, October 29th. Robert W. Baird set a $42.00 price target on shares of Rocky Brands in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Rocky Brands in a report on Monday, December 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rocky Brands in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.00.

Rocky Brands Trading Up 0.4%

RCKY opened at $33.11 on Tuesday. Rocky Brands, Inc. has a twelve month low of $11.93 and a twelve month high of $34.36. The company has a fifty day moving average of $31.43 and a 200-day moving average of $29.76. The stock has a market cap of $247.99 million, a PE ratio of 12.08 and a beta of 2.72. The company has a quick ratio of 0.88, a current ratio of 2.74 and a debt-to-equity ratio of 0.53.

Rocky Brands Company Profile

Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.

Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.