Rocky Brands, Inc. (NASDAQ:RCKY) Position Increased by Jane Street Group LLC

Jane Street Group LLC increased its stake in Rocky Brands, Inc. (NASDAQ:RCKY) by 25.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,631 shares of the textile maker’s stock after purchasing an additional 2,392 shares during the period. Jane Street Group LLC owned 0.16% of Rocky Brands worth $371,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in Rocky Brands by 29.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker’s stock valued at $100,000 after acquiring an additional 618 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Rocky Brands during the 3rd quarter valued at $224,000. Yarger Wealth Strategies LLC raised its stake in Rocky Brands by 7.7% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 9,737 shares of the textile maker’s stock valued at $360,000 after acquiring an additional 692 shares in the last quarter. Inspire Advisors LLC bought a new stake in shares of Rocky Brands in the 3rd quarter worth $339,000. Finally, Summit Global Investments bought a new stake in shares of Rocky Brands in the 3rd quarter worth $341,000. Institutional investors own 75.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on RCKY shares. Robert W. Baird dropped their price objective on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. StockNews.com downgraded Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Rocky Brands Stock Performance

Shares of NASDAQ RCKY opened at $22.60 on Thursday. The business’s 50-day moving average price is $22.11 and its two-hundred day moving average price is $28.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. Rocky Brands, Inc. has a one year low of $19.65 and a one year high of $40.14. The company has a market capitalization of $168.46 million, a P/E ratio of 12.70 and a beta of 2.10.

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

Rocky Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.62 annualized dividend and a yield of 2.74%. Rocky Brands’s payout ratio is 34.83%.

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.