Rocky Brands Inc (NASDAQ:RCKY) announced a dividend on Friday, May 19th. Shareholders of record on Tuesday, May 30th will be paid a dividend of 0.11 per share by the textile maker on Friday, June 9th. The ex-dividend date is Thursday, May 25th.
RCKY has been the subject of a number of recent analyst reports. B. Riley restated a “neutral” rating and set a $12.00 price objective on shares of Rocky Brands in a report on Monday, February 20th. Zacks Investment Research upgraded Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Tuesday, April 25th.
A hedge fund recently raised its stake in Rocky Brands stock. Morgan Stanley raised its stake in shares of Rocky Brands Inc (NASDAQ:RCKY) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,447 shares of the textile maker’s stock after buying an additional 6,852 shares during the period. Morgan Stanley owned approximately 0.71% of Rocky Brands worth $606,000 at the end of the most recent quarter. 51.81% of the stock is currently owned by institutional investors.
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.
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