D. E. Shaw & Co. Inc. Has $671,000 Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

D. E. Shaw & Co. Inc. boosted its holdings in shares of Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) by 125.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,412 shares of the textile maker's stock after acquiring an additional 16,371 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.39% of Rocky Brands worth $671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Rocky Brands by 31.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,236 shares of the textile maker's stock valued at $97,000 after acquiring an additional 1,007 shares in the last quarter. Bank of America Corp DE grew its position in Rocky Brands by 51.8% during the fourth quarter. Bank of America Corp DE now owns 8,863 shares of the textile maker's stock worth $202,000 after buying an additional 3,025 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Rocky Brands by 9.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker's stock worth $210,000 after purchasing an additional 820 shares in the last quarter. Voya Investment Management LLC increased its holdings in Rocky Brands by 43.9% in the 4th quarter. Voya Investment Management LLC now owns 10,125 shares of the textile maker's stock valued at $231,000 after buying an additional 3,091 shares during the period. Finally, Corton Capital Inc. bought a new stake in Rocky Brands in the fourth quarter valued at about $243,000. Hedge funds and other institutional investors own 75.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RCKY shares. Robert W. Baird increased their target price on shares of Rocky Brands from $16.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded Rocky Brands from a "buy" rating to a "hold" rating in a research report on Monday, May 12th.

Rocky Brands Trading Up 0.1%

NASDAQ:RCKY traded up $0.03 during trading hours on Thursday, hitting $22.72. The stock had a trading volume of 110,029 shares, compared to its average volume of 52,534. Rocky Brands, Inc. has a one year low of $11.93 and a one year high of $39.70. The company has a market cap of $169.51 million, a price-to-earnings ratio of 12.76 and a beta of 2.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 2.79. The business's 50 day moving average is $17.29 and its 200-day moving average is $20.55.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.21. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The business had revenue of $114.07 million during the quarter, compared to analyst estimates of $112.67 million.

Rocky Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.155 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.73%. Rocky Brands's payout ratio is presently 33.88%.

Rocky Brands 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.