Rocky Brands, Inc. (NASDAQ:RCKY) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 549,171 shares of the textile maker’s stock after selling 2,785 shares during the quarter. Dimensional Fund Advisors LP owned 7.37% of Rocky Brands worth $12,521,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in RCKY. Raymond James Financial Inc. acquired a new stake in shares of Rocky Brands in the fourth quarter valued at about $9,643,000. American Century Companies Inc. increased its holdings in Rocky Brands by 13.7% in the fourth quarter. American Century Companies Inc. now owns 213,991 shares of the textile maker’s stock valued at $4,879,000 after buying an additional 25,806 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Rocky Brands by 0.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 113,958 shares of the textile maker’s stock valued at $2,598,000 after buying an additional 507 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Rocky Brands by 16.1% during the 4th quarter. Bank of New York Mellon Corp now owns 76,195 shares of the textile maker’s stock valued at $1,737,000 after acquiring an additional 10,584 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Rocky Brands by 30.7% during the 4th quarter. Renaissance Technologies LLC now owns 47,735 shares of the textile maker’s stock worth $1,088,000 after acquiring an additional 11,200 shares in the last quarter. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RCKY has been the subject of several research analyst reports. Robert W. Baird raised their price objective on Rocky Brands from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. StockNews.com upgraded Rocky Brands from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd.

Rocky Brands Stock Down 0.5 %

RCKY stock opened at $20.42 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. Rocky Brands, Inc. has a 12 month low of $11.93 and a 12 month high of $40.14. The firm has a market capitalization of $152.35 million, a PE ratio of 11.47 and a beta of 2.36. The company’s 50 day simple moving average is $16.55 and its 200-day simple moving average is $20.80.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.21. The company had revenue of $114.07 million during the quarter, compared to the consensus estimate of $112.67 million. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%.

Rocky Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.04%. 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.