Revenue Update on Rocky Brands Inc(NASDAQ:RCKY)

Rocky Brands Inc(NASDAQ:RCKY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $62.56M. Analysts estimated a revenue of $72.42M. Earnings per share were $-0.23. Analysts had estimated an EPS of $0.24.

Rocky Brands Inc (RCKY) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.19% at a volume of 11,509. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.75. The peak price level was also seen at $10.75 while the days lowest was $10.5. Finally the shares closed at $10.5. The 52-week high of the shares is $19.8 while the 52-week low is $9.67. According to the latest information available, the market cap of the company is $79 M.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, David Sharp (CEO) purchased 5,000 shares at $12.60 per share price.Also, On Dec 10, 2015, Curtis A Loveland (Secretary) purchased 10,000 shares at $10.27 per share price.On Mar 18, 2015, G Courtney Haning (director) sold 5,510 shares at $20.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 business segments: wholesale retail and military. In its wholesale business the Company distributes its products through a range of distribution channels representing over 10000 retail store locations in the United States and Canada as well as in other international markets. Its retail business includes direct sales of its products to consumers through its consumer and business Websites its Lehigh Outfitters mobile and retail stores (including a fleet of trucks supported by small warehouses that include retail stores which it refer to as mini-stores) and its Rocky outlet store. The Company also sells footwear under the Rocky label to the United States military.

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