4 hours Ago By Defense World Staff
Renaissance Technologies LLC lifted its stake in Rocky Brands, Inc. (NASDAQ:RCKY – Free Report) by 30.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 47,735 shares of the textile maker’s stock after acquiring an additional 11,200 shares during the period. Renaissance Technologies LLC owned approximately 0.64% of Rocky Brands worth $1,088,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of RCKY. Geode Capital Management LLC grew its position in Rocky Brands by 4.6% in the 3rd quarter.
Geode Capital Management LLC now owns 168,315 shares of the textile maker’s stock worth $5,364,000 after purchasing an additional 7,353 shares during the last quarter. Waterfront Wealth Inc. bought a new stake in shares of Rocky Brands in the fourth quarter valued at about $431,000.
Barclays PLC grew its position in Rocky Brands by 292.3% during the third quarter. Barclays PLC now owns 9,757 shares of the textile maker’s stock worth $311,000 after buying an additional 7,270 shares in the last quarter.
JPMorgan Chase & Co. increased its stake in Rocky Brands by 133.8% during the third quarter.
JPMorgan Chase & Co. now owns 8,182 shares of the textile maker’s stock valued at $261,000 after acquiring an additional 4,683 shares during the period. Finally, Raymond James Financial Inc.
bought a new position in Rocky Brands during the fourth quarter valued at about $9,643,000. Institutional investors own 75.06% of the company’s stock.
Rocky Brands Stock PerformanceNASDAQ RCKY opened at $21.39 on Thursday. Rocky Brands, Inc.
has a twelve month low of $11.93 and a twelve 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 stock has a market cap of $159.63 million, a P/E ratio of 12.
02 and a beta of 2.25. The company’s 50-day simple moving average is $16.
78 and its 200 day simple moving average is $21.28. Rocky Brands (NASDAQ:RCKY – Get Free Report) last released its quarterly earnings data on Tuesday, April 29th.
The textile maker reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.
21. The company had revenue of $114.07 million for the quarter, compared to analyst estimates of $112.
67 million. Rocky Brands had a return on equity of 7.74% and a net margin of 2.
94%. Rocky Brands Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.
155 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.
62 annualized dividend and a yield of 2.90%. Rocky Brands’s dividend payout ratio is currently 41.
06%. Analyst Upgrades and DowngradesSeveral brokerages have recently weighed in on RCKY. Robert W.
Baird lifted their price objective on Rocky Brands from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday.
StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 8th.Read Our Latest Report on Rocky BrandsAbout Rocky Brands (Free Report)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.Read MoreFive stocks we like better than Rocky BrandsFind and Profitably Trade Stocks at 52-Week LowsWhy D-Wave’s Project With Davidson Is a Game-Changer For QuantumInvesting in the High PE Growth Stocks Hims & Hers Stock Soars on Novo Nordisk CollaborationWhat Are Earnings Reports?Amazon’s Earnings Will Make or Break the Stock’s Comeback.
