Rocky Brands Inc (RCKY) Plans $0.11 Quarterly Dividend

Rocky Brands Inc (NASDAQ:RCKY) declared a quarterly dividend on Tuesday, February 20th, Fidelity reports. Stockholders of record on Tuesday, February 27th will be paid a dividend of 0.11 per share by the textile maker on Friday, March 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Monday, February 26th.

Rocky Brands (RCKY) opened at $16.25 on Wednesday. The company has a market capitalization of $122.01, a P/E ratio of 26.64 and a beta of 0.53. The company has a quick ratio of 1.95, a current ratio of 4.91 and a debt-to-equity ratio of 0.08. Rocky Brands has a 1-year low of $10.25 and a 1-year high of $20.95.

RCKY has been the subject of a number of recent research reports. ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Rocky Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird restated a “hold” rating and set a $18.00 price objective on shares of Rocky Brands in a report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rocky Brands has a consensus rating of “Buy” and a consensus target price of $18.00.

A hedge fund recently raised its stake in Rocky Brands stock. Northern Trust Corp boosted its holdings in shares of Rocky Brands Inc (NASDAQ:RCKY) by 20.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,996 shares of the textile maker’s stock after acquiring an additional 4,643 shares during the quarter. Northern Trust Corp owned 0.36% of Rocky Brands worth $363,000 as of its most recent SEC filing. 61.19% of the stock is owned by institutional investors and hedge funds.

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About Rocky Brands

Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets.

Dividend History for Rocky Brands (NASDAQ:RCKY)

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