North Star Investment Management Corp. increased its stake in Rocky Brands, Inc. (NASDAQ:RCKY) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,524 shares of the textile maker’s stock after buying an additional 5,000 shares during the period. North Star Investment Management Corp. owned approximately 4.25% of Rocky Brands worth $4,257,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Algert Global LLC increased its stake in Rocky Brands by 136.0% in the first quarter. Algert Global LLC now owns 59,990 shares of the textile maker’s stock valued at $693,000 after buying an additional 34,567 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Rocky Brands by 11.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 175,568 shares of the textile maker’s stock valued at $2,028,000 after buying an additional 18,706 shares during the last quarter. ICM Asset Management Inc. WA increased its stake in Rocky Brands by 68.3% in the fourth quarter. ICM Asset Management Inc. WA now owns 42,505 shares of the textile maker’s stock valued at $491,000 after buying an additional 17,247 shares during the last quarter. Marquette Asset Management Inc. bought a new stake in Rocky Brands during the first quarter valued at about $175,000. Finally, Two Sigma Securities LLC bought a new stake in Rocky Brands during the first quarter valued at about $122,000. 52.12% of the stock is owned by institutional investors and hedge funds.
Shares of Rocky Brands, Inc. (NASDAQ:RCKY) opened at 14.05 on Friday. Rocky Brands, Inc. has a 12 month low of $9.95 and a 12 month high of $15.70. The company has a market cap of $104.55 million, a PE ratio of 37.87 and a beta of 0.56. The firm’s 50-day moving average price is $13.20 and its 200-day moving average price is $12.59.
Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Tuesday, July 25th. The textile maker reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.18. The firm had revenue of $58.46 million for the quarter, compared to the consensus estimate of $61.70 million. Rocky Brands had a return on equity of 4.03% and a net margin of 1.06%. Equities analysts predict that Rocky Brands, Inc. will post $0.90 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday. B. Riley reiterated a “neutral” rating and issued a $13.00 target price on shares of Rocky Brands in a report on Monday, April 24th. TheStreet raised Rocky Brands from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $13.33.
In related news, Director Robert Burton Jr. Moore acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were purchased at an average price of $13.65 per share, for a total transaction of $68,250.00. Following the completion of the acquisition, the director now owns 8,099 shares in the company, valued at $110,551.35. The purchase was disclosed in a filing with the SEC, which is available at this link. 8.50% of the stock is currently owned by insiders.
Rocky Brands Company Profile
Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.
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