Rocky Brands Inc (NASDAQ:RCKY) CEO Jason Brooks Sells 4,000 Shares
Rocky Brands Inc (NASDAQ:RCKY) CEO Jason Brooks sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.01, for a total value of $124,040.00. Following the completion of the transaction, the chief executive officer now directly owns 6,238 shares in the company, valued at $193,440.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ RCKY opened at $30.96 on Friday. Rocky Brands Inc has a 52 week low of $22.44 and a 52 week high of $34.14. The business’s 50-day simple moving average is $31.10 and its 200-day simple moving average is $28.47. The firm has a market cap of $217.76 million, a price-to-earnings ratio of 16.47 and a beta of 0.52.
Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Wednesday, October 23rd. The textile maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $67.18 million for the quarter, compared to analyst estimates of $68.20 million. Rocky Brands had a return on equity of 9.97% and a net margin of 6.09%. As a group, analysts predict that Rocky Brands Inc will post 2.06 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. lifted its stake in shares of Rocky Brands by 3.2% in the 2nd quarter. Bessemer Group Inc. now owns 29,100 shares of the textile maker’s stock valued at $794,000 after purchasing an additional 900 shares during the period. Strs Ohio increased its holdings in Rocky Brands by 7.8% during the 2nd quarter. Strs Ohio now owns 13,900 shares of the textile maker’s stock worth $379,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers increased its holdings in Rocky Brands by 10.3% during the 3rd quarter. Rhumbline Advisers now owns 10,675 shares of the textile maker’s stock worth $355,000 after purchasing an additional 1,000 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Rocky Brands by 7.4% in the second quarter. WINTON GROUP Ltd now owns 14,811 shares of the textile maker’s stock valued at $404,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Rocky Brands by 1.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,950 shares of the textile maker’s stock valued at $1,554,000 after acquiring an additional 1,075 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.
About Rocky Brands
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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