Dimensional Fund Advisors LP Has $16.24 Million Stake in Rocky Brands Inc (RCKY)

Dimensional Fund Advisors LP reduced its position in shares of Rocky Brands Inc (NASDAQ:RCKY) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 624,683 shares of the textile maker’s stock after selling 2,064 shares during the period. Dimensional Fund Advisors LP owned 8.42% of Rocky Brands worth $16,242,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RCKY. Nkcfo LLC bought a new position in Rocky Brands in the fourth quarter worth about $43,000. Rhumbline Advisers bought a new position in Rocky Brands in the fourth quarter worth about $242,000. First Trust Advisors LP raised its stake in Rocky Brands by 18.8% in the fourth quarter. First Trust Advisors LP now owns 12,174 shares of the textile maker’s stock worth $317,000 after buying an additional 1,930 shares in the last quarter. Strs Ohio raised its stake in Rocky Brands by 24.9% in the fourth quarter. Strs Ohio now owns 12,900 shares of the textile maker’s stock worth $335,000 after buying an additional 2,574 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Rocky Brands by 81.2% in the fourth quarter. Bessemer Group Inc. now owns 21,200 shares of the textile maker’s stock worth $551,000 after buying an additional 9,500 shares in the last quarter. Institutional investors own 72.62% of the company’s stock.

In other Rocky Brands news, Director James L. Stewart sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $28.50, for a total transaction of $85,500.00. Following the completion of the transaction, the director now owns 13,421 shares of the company’s stock, valued at $382,498.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Burton Jr. Moore sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $30.22, for a total transaction of $120,880.00. Following the transaction, the director now directly owns 22,101 shares of the company’s stock, valued at approximately $667,892.22. The disclosure for this sale can be found here. Insiders have sold 10,500 shares of company stock valued at $307,780 in the last ninety days. Insiders own 9.40% of the company’s stock.

A number of equities analysts recently issued reports on RCKY shares. Zacks Investment Research raised shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Saturday, January 26th. ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Monday, December 31st.

RCKY stock opened at $25.12 on Wednesday. Rocky Brands Inc has a 1 year low of $20.90 and a 1 year high of $33.45. The stock has a market capitalization of $186.32 million, a P/E ratio of 13.36 and a beta of 0.35.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings results on Monday, February 25th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Rocky Brands had a net margin of 5.76% and a return on equity of 9.47%. The company had revenue of $67.19 million during the quarter, compared to the consensus estimate of $66.00 million. On average, analysts anticipate that Rocky Brands Inc will post 1.98 EPS for the current year.

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Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.

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Institutional Ownership by Quarter for Rocky Brands (NASDAQ:RCKY)

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