Nordea Investment Management AB acquired a new position in Rocky Brands, Inc. (NASDAQ:RCKY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,100 shares of the textile maker’s stock, valued at approximately $203,000. Nordea Investment Management AB owned about 0.20% of Rocky Brands at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Marquette Asset Management Inc. raised its stake in Rocky Brands by 9.5% during the 2nd quarter. Marquette Asset Management Inc. now owns 16,555 shares of the textile maker’s stock valued at $223,000 after purchasing an additional 1,434 shares during the last quarter. Vanguard Group Inc. raised its stake in Rocky Brands by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 299,488 shares of the textile maker’s stock valued at $4,029,000 after purchasing an additional 1,679 shares during the last quarter. Northern Trust Corp raised its stake in Rocky Brands by 20.8% during the 2nd quarter. Northern Trust Corp now owns 26,996 shares of the textile maker’s stock valued at $363,000 after purchasing an additional 4,643 shares during the last quarter. North Star Investment Management Corp. raised its stake in Rocky Brands by 1.6% during the 2nd quarter. North Star Investment Management Corp. now owns 316,524 shares of the textile maker’s stock valued at $4,257,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Rocky Brands during the 1st quarter valued at $122,000. Institutional investors and hedge funds own 56.93% of the company’s stock.
Several research firms recently commented on RCKY. TheStreet upgraded shares of Rocky Brands from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday, July 28th. ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $13.00 target price on shares of Rocky Brands in a research note on Sunday, September 3rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.
In other Rocky Brands news, Director Robert Burton Jr. Moore purchased 5,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $13.80 per share, with a total value of $69,000.00. Following the acquisition, the director now directly owns 13,619 shares of the company’s stock, valued at approximately $187,942.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.
TRADEMARK VIOLATION WARNING: “15,100 Shares in Rocky Brands, Inc. (RCKY) Purchased by Nordea Investment Management AB” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2017/10/13/15100-shares-in-rocky-brands-inc-rcky-purchased-by-nordea-investment-management-ab.html.
Rocky Brands, Inc. (RCKY) opened at 14.55 on Friday. The company’s 50-day moving average is $13.65 and its 200 day moving average is $13.40. The firm has a market capitalization of $108.34 million, a PE ratio of 39.22 and a beta of 0.59. Rocky Brands, Inc. has a 1-year low of $9.95 and a 1-year high of $15.70.
Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.18. Rocky Brands had a return on equity of 4.02% and a net margin of 1.06%. The business had revenue of $58.46 million during the quarter, compared to the consensus estimate of $61.70 million. On average, equities analysts expect that Rocky Brands, Inc. will post $0.90 EPS for the current fiscal year.
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, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.
What are top analysts saying about Rocky Brands Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rocky Brands Inc. and related companies.