Rocky Brands (NASDAQ:RCKY – Get Free Report) released its quarterly earnings results on Tuesday. The textile maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $1.55, FiscalAI reports. The business had revenue of $118.37 million during the quarter, compared to the consensus estimate of $110.08 million. Rocky Brands had a return on equity of 8.43% and a net margin of 3.78%.
Here are the key takeaways from Rocky Brands’ conference call:
- Second-quarter sales rose 12% to $118.4 million, the company’s strongest growth rate since 2022, with broad-based gains led by XTRATUF, Georgia Boot, Rocky, and Lehigh B2B. Retail sales grew 21.8%, while direct-to-consumer performance was particularly strong.
- Rocky Brands raised its 2026 revenue outlook to approximately 8.5% growth, supported by stronger-than-expected Q2 results, robust second-half bookings, new retail doors, and expected fill-in orders.
- XTRATUF is expected to exceed $100 million in annual sales, representing roughly 30% growth, as the brand expands beyond its marine heritage into lifestyle, winter, casual, and additional seasonal categories.
- Underlying Q2 gross margin was approximately 38.7% excluding the tariff benefit, pressured by expedited freight, sourcing products from Asia rather than the Dominican Republic, higher component and fuel costs, and selected discounts to secure shelf space. Full-year gross margin guidance was set at about 40% excluding tariff refunds.
- Reported profitability benefited substantially from approximately $18 million of actual and expected tariff refunds; management expects about $20 million of gross tariff benefit for the year and plans to reinvest part of the proceeds while paying down debt. Excluding tariff effects, full-year EPS is expected to be similar to 2025’s $3.26, versus roughly $5 on a reported basis.
Rocky Brands Stock Up 2.9%
Shares of NASDAQ:RCKY opened at $42.73 on Wednesday. The stock’s 50-day moving average price is $39.62 and its two-hundred day moving average price is $38.37. The company has a current ratio of 2.90, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. Rocky Brands has a 12-month low of $22.61 and a 12-month high of $48.70. The firm has a market cap of $322.18 million, a price-to-earnings ratio of 17.30 and a beta of 2.37.
Rocky Brands Increases Dividend
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of RCKY. Deutsche Bank AG boosted its position in shares of Rocky Brands by 10.0% in the fourth quarter. Deutsche Bank AG now owns 5,113 shares of the textile maker’s stock worth $150,000 after acquiring an additional 464 shares during the last quarter. NewEdge Advisors LLC increased its position in Rocky Brands by 5.4% during the 4th quarter. NewEdge Advisors LLC now owns 11,657 shares of the textile maker’s stock worth $342,000 after purchasing an additional 598 shares in the last quarter. First Trust Advisors LP increased its position in shares of Rocky Brands by 2.8% in the fourth quarter. First Trust Advisors LP now owns 23,692 shares of the textile maker’s stock worth $695,000 after acquiring an additional 655 shares in the last quarter. Invesco Ltd. raised its position in Rocky Brands by 5.4% in the fourth quarter. Invesco Ltd. now owns 15,262 shares of the textile maker’s stock valued at $448,000 after purchasing an additional 781 shares during the period. Finally, Aristides Capital LLC raised its holdings in shares of Rocky Brands by 3.3% during the 4th quarter. Aristides Capital LLC now owns 30,922 shares of the textile maker’s stock valued at $907,000 after buying an additional 979 shares during the period. 75.06% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Rocky Brands in a research report on Tuesday, May 26th. Wall Street Zen lowered Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird increased their target price on Rocky Brands from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, BTIG Research reissued a “neutral” rating on shares of Rocky Brands in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Rocky Brands presently has an average rating of “Hold” and a consensus target price of $56.00.
Get Our Latest Stock Report on Rocky Brands
Rocky Brands Company Profile
Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.
Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.
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