Rocky Brands, Inc. (NASDAQ:RCKY) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) by 185.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,913 shares of the textile maker's stock after purchasing an additional 20,100 shares during the quarter. Millennium Management LLC owned 0.41% of Rocky Brands worth $705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Rocky Brands during the 4th quarter worth approximately $9,643,000. American Century Companies Inc. grew its stake in shares of Rocky Brands by 13.7% during the 4th quarter. American Century Companies Inc. now owns 213,991 shares of the textile maker's stock worth $4,879,000 after purchasing an additional 25,806 shares during the period. Diamond Hill Capital Management Inc. grew its stake in shares of Rocky Brands by 0.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 113,958 shares of the textile maker's stock worth $2,598,000 after purchasing an additional 507 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Rocky Brands by 0.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 83,267 shares of the textile maker's stock worth $1,898,000 after purchasing an additional 773 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Rocky Brands by 0.8% during the 4th quarter. Northern Trust Corp now owns 77,994 shares of the textile maker's stock worth $1,778,000 after purchasing an additional 618 shares during the period. Institutional investors and hedge funds own 75.06% of the company's stock.

Rocky Brands Trading Up 0.3%

Shares of NASDAQ:RCKY opened at $23.29 on Friday. Rocky Brands, Inc. has a 1 year low of $11.93 and a 1 year high of $38.31. The firm has a market capitalization of $173.77 million, a price-to-earnings ratio of 13.08 and a beta of 2.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. The business's 50 day moving average price is $17.93 and its 200-day moving average price is $20.63.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The textile maker reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.21. The firm 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.155 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.62 dividend on an annualized basis and a yield of 2.66%. Rocky Brands's payout ratio is currently 33.88%.

Analyst Ratings Changes

A number of brokerages have recently commented on RCKY. Robert W. Baird raised their price objective on shares of Rocky Brands from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Wall Street Zen lowered Rocky Brands from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.

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.

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