On November 4, 2024, Director Dwight Smith bought 500 shares of Rocky Brands Inc (RCKY, Financial) at a price of $20.47 per share, as reported in the SEC Filing. Following this transaction, the insider now owns 9,333 shares of the company.
Rocky Brands Inc, headquartered in Nelsonville, Ohio, is a designer, manufacturer, and marketer of premium quality footwear and apparel marketed under a portfolio of well-recognized brand names including Rocky, Georgia Boot, Durango, Lehigh, and the licensed brand Michelin.
Over the past year, the insider transaction history for Rocky Brands Inc shows a trend with 1 insider buy and 10 insider sells. The recent purchase by Director Dwight Smith marks a notable addition to his holdings in the company.
Shares of Rocky Brands Inc were trading at $20.47 on the day of the transaction, giving the company a market cap of $154.121 million. The price-earnings ratio of the stock stands at 11.62, which is lower than both the industry median of 19.335 and the company’s historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $25.68, suggesting that Rocky Brands Inc is modestly undervalued with a price-to-GF-Value ratio of 0.8.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This recent insider buy could signal a positive outlook from the insider regarding the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
