Rocky Brands, Inc. (NASDAQ:RCKY) Short Interest Update

Rocky Brands, Inc. (NASDAQ:RCKY) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 106,100 shares, a decrease of 16.6% from the September 30th total of 127,200 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Rocky Brands

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Rocky Brands by 24.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 132,009 shares of the textile maker’s stock valued at $4,879,000 after purchasing an additional 25,573 shares in the last quarter. American Century Companies Inc. boosted its position in Rocky Brands by 23.0% during the 2nd quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker’s stock worth $4,776,000 after acquiring an additional 24,135 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Rocky Brands by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 71,353 shares of the textile maker’s stock valued at $2,637,000 after purchasing an additional 2,962 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Rocky Brands by 21.9% in the second quarter. Panagora Asset Management Inc. now owns 36,371 shares of the textile maker’s stock worth $1,344,000 after purchasing an additional 6,533 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Rocky Brands by 21.0% during the second quarter. Marshall Wace LLP now owns 29,355 shares of the textile maker’s stock worth $1,085,000 after purchasing an additional 5,086 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Rocky Brands Stock Up 0.3 %

Shares of NASDAQ:RCKY traded up $0.08 during trading on Wednesday, hitting $27.80. 17,034 shares of the company’s stock traded hands, compared to its average volume of 38,600. The company has a current ratio of 2.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $30.20 and a 200-day moving average price of $32.36. Rocky Brands has a 52 week low of $11.77 and a 52 week high of $40.14. The company has a market cap of $206.36 million, a price-to-earnings ratio of 15.31 and a beta of 2.08.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings results on Tuesday, July 30th. The textile maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Rocky Brands had a net margin of 3.21% and a return on equity of 8.85%. The firm had revenue of $98.26 million for the quarter.

Rocky Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.155 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.62 annualized dividend and a yield of 2.23%. Rocky Brands’s dividend payout ratio is currently 34.25%.

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.