Dimensional Fund Advisors LP lowered its stake in Rocky Brands Inc (NASDAQ:RCKY) by 0.3% during the 4th quarter, Holdings Channel reports. 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 about 0.08% of Rocky Brands worth $16,242,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Rocky Brands by 2.4% in the fourth quarter. BlackRock Inc. now owns 684,537 shares of the textile maker’s stock worth $17,799,000 after purchasing an additional 16,067 shares during the last quarter. Vanguard Group Inc boosted its holdings in Rocky Brands by 2.5% in the third quarter. Vanguard Group Inc now owns 326,219 shares of the textile maker’s stock worth $9,232,000 after purchasing an additional 8,007 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Rocky Brands by 2.5% in the third quarter. Vanguard Group Inc. now owns 326,219 shares of the textile maker’s stock worth $9,232,000 after purchasing an additional 8,007 shares during the last quarter. LSV Asset Management boosted its holdings in Rocky Brands by 4.5% in the fourth quarter. LSV Asset Management now owns 214,032 shares of the textile maker’s stock worth $5,564,000 after purchasing an additional 9,132 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Rocky Brands by 264.0% in the third quarter. AQR Capital Management LLC now owns 200,325 shares of the textile maker’s stock worth $5,670,000 after purchasing an additional 145,288 shares during the last quarter. Institutional investors own 72.62% of the company’s stock.
Several brokerages recently issued reports on RCKY. Zacks Investment Research upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Friday, March 1st. ValuEngine cut shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Monday, February 4th.
Shares of Rocky Brands stock opened at $25.12 on Wednesday. The firm has a market cap of $186.32 million, a PE ratio of 13.36 and a beta of 0.35. Rocky Brands Inc has a 1-year low of $20.90 and a 1-year high of $33.45.
Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Monday, February 25th. The textile maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $67.19 million for the quarter, compared to analysts’ expectations of $66.00 million. Rocky Brands had a net margin of 5.76% and a return on equity of 9.47%. As a group, equities research analysts forecast that Rocky Brands Inc will post 1.98 earnings per share for the current fiscal year.
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Rocky Brands 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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