Yarger Wealth Strategies LLC Buys 614 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Yarger Wealth Strategies LLC grew its position in Rocky Brands, Inc. (NASDAQ:RCKY) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,873 shares of the textile maker’s stock after acquiring an additional 614 shares during the quarter. Yarger Wealth Strategies LLC owned 0.15% of Rocky Brands worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised 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 purchasing an additional 4,683 shares in the last quarter. Barclays PLC increased its holdings in shares of Rocky Brands by 292.3% in the 3rd quarter. Barclays PLC now owns 9,757 shares of the textile maker’s stock worth $311,000 after buying an additional 7,270 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Rocky Brands by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 168,315 shares of the textile maker’s stock valued at $5,364,000 after buying an additional 7,353 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Rocky Brands by 25.9% in the 3rd quarter. Jane Street Group LLC now owns 11,631 shares of the textile maker’s stock valued at $371,000 after acquiring an additional 2,392 shares during the last quarter. Finally, State Street Corp grew its position in Rocky Brands by 0.4% in the third quarter. State Street Corp now owns 134,249 shares of the textile maker’s stock worth $4,277,000 after acquiring an additional 586 shares in the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on RCKY. 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. StockNews.com lowered Rocky Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Rocky Brands Stock Performance

Shares of NASDAQ:RCKY opened at $23.78 on Friday. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. Rocky Brands, Inc. has a 12 month low of $19.65 and a 12 month high of $40.14. The company has a market capitalization of $177.16 million, a price-to-earnings ratio of 13.36 and a beta of 2.10. The firm’s 50-day moving average is $22.36 and its 200 day moving average is $27.66.

Rocky Brands (NASDAQ:RCKY) last released its earnings results on Wednesday, October 30th. The textile maker reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.22). Rocky Brands had a net margin of 2.94% and a return on equity of 7.74%. The business had revenue of $114.55 million for the quarter.

Rocky Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.155 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.62 annualized dividend and a dividend yield of 2.61%. Rocky Brands’s dividend payout ratio (DPR) is 34.83%.

About Rocky Brands

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.