JPMorgan Chase & Co. Has $523,000 Stock Position in Rocky Brands, Inc. (NASDAQ:RCKY)

JPMorgan Chase & Co. boosted its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) by 180.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,931 shares of the textile maker's stock after purchasing an additional 14,749 shares during the period. JPMorgan Chase & Co. owned about 0.31% of Rocky Brands worth $523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its holdings in shares of Rocky Brands by 9.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker's stock valued at $210,000 after buying an additional 820 shares during the last quarter. Yarger Wealth Strategies LLC increased its position in Rocky Brands by 6.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 10,873 shares of the textile maker's stock valued at $248,000 after acquiring an additional 614 shares in the last quarter. Bailard Inc. bought a new position in shares of Rocky Brands in the fourth quarter worth about $277,000. Barclays PLC lifted its position in shares of 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 purchasing an additional 7,270 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Rocky Brands by 25.9% during the third quarter. Jane Street Group LLC now owns 11,631 shares of the textile maker's stock valued at $371,000 after purchasing an additional 2,392 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on RCKY. StockNews.com upgraded shares of Rocky Brands from a "hold" rating to a "buy" rating in a research report on Friday. Robert W. Baird upped their price target on Rocky Brands from $16.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th.

Rocky Brands Trading Up 0.2 %

RCKY traded up $0.03 during trading on Tuesday, reaching $18.81. 71,820 shares of the company's stock were exchanged, compared to its average volume of 51,107. The company's fifty day moving average price is $16.50 and its 200-day moving average price is $20.91. The firm has a market capitalization of $140.34 million, a PE ratio of 10.57 and a beta of 2.36. Rocky Brands, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $40.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 2.79.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $112.67 million.

Rocky Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.155 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.30%. Rocky Brands's dividend payout ratio (DPR) 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.