Jane Street Group LLC Purchases 2,392 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Jane Street Group LLC grew its position in Rocky Brands, Inc. (NASDAQ:RCKY) by 25.9% in the third quarter, Holdings Channel.com reports. The fund owned 11,631 shares of the textile maker’s stock after buying an additional 2,392 shares during the period. Jane Street Group LLC’s holdings in Rocky Brands were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. State Street Corp raised its holdings in shares of Rocky Brands by 0.4% in the 3rd quarter. State Street Corp now owns 134,249 shares of the textile maker’s stock worth $4,277,000 after buying an additional 586 shares in the last quarter. FMR LLC increased its holdings in Rocky Brands by 0.3% during the 3rd quarter. FMR LLC now owns 1,117,353 shares of the textile maker’s stock valued at $35,599,000 after purchasing an additional 3,883 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Rocky Brands during the 3rd quarter valued at $224,000. Charles Schwab Investment Management Inc. increased its holdings in Rocky Brands by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,999 shares of the textile maker’s stock valued at $669,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Rocky Brands by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 30,994 shares of the textile maker’s stock valued at $987,000 after purchasing an additional 1,474 shares in the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.

Rocky Brands Stock Up 0.2 %

NASDAQ:RCKY opened at $22.60 on Thursday. Rocky Brands, Inc. has a 12-month low of $19.65 and a 12-month high of $40.14. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $168.46 million, a P/E ratio of 12.70 and a beta of 2.10. The stock’s fifty day simple moving average is $22.11 and its 200-day simple moving average is $28.16.

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

Rocky Brands Dividend Announcement

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

Analyst Ratings Changes

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

Rocky Brands Company Profile

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.