Dimensional Fund Advisors LP Lowers Stock Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Dimensional Fund Advisors LP reduced its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 549,171 shares of the textile maker’s stock after selling 2,785 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of Rocky Brands worth $12,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of Rocky Brands by 31.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,236 shares of the textile maker’s stock valued at $97,000 after purchasing an additional 1,007 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Rocky Brands by 9.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker’s stock worth $210,000 after buying an additional 820 shares during the period. Yarger Wealth Strategies LLC boosted its holdings in Rocky Brands by 6.0% in the fourth quarter. Yarger Wealth Strategies LLC now owns 10,873 shares of the textile maker’s stock valued at $248,000 after acquiring an additional 614 shares during the last quarter. Barclays PLC grew its position in Rocky Brands by 13.7% during the fourth quarter. Barclays PLC now owns 11,092 shares of the textile maker’s stock valued at $253,000 after acquiring an additional 1,335 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Rocky Brands by 133.8% during the third quarter. JPMorgan Chase & Co. now owns 8,182 shares of the textile maker’s stock worth $261,000 after acquiring an additional 4,683 shares during the last quarter. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RCKY shares. StockNews.com upgraded Rocky Brands from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. Robert W. Baird boosted their price objective on shares of Rocky Brands from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th.

Rocky Brands Stock Down 0.5 %

Shares of NASDAQ RCKY opened at $20.42 on Friday. The stock has a fifty day moving average price of $16.55 and a 200 day moving average price of $20.80. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. Rocky Brands, Inc. has a 12-month low of $11.93 and a 12-month high of $40.14. The company has a market cap of $152.35 million, a P/E ratio of 11.47 and a beta of 2.36.

Rocky Brands (NASDAQ:RCKY) last issued its 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid 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 is currently 33.88%.

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.