Rocky Brands, Inc. (NASDAQ:RCKY – Get Free Report) Director William Jordan sold 2,011 shares of Rocky Brands stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $48.48, for a total value of $97,493.28. Following the sale, the director directly owned 21,940 shares of the company’s stock, valued at $1,063,651.20. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Rocky Brands Stock Down 0.6%
RCKY stock opened at $50.47 on Wednesday. Rocky Brands, Inc. has a 12 month low of $25.65 and a 12 month high of $53.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.90 and a quick ratio of 1.02. The company has a market capitalization of $380.54 million, a P/E ratio of 13.21 and a beta of 2.36. The firm’s fifty day simple moving average is $40.98 and its 200-day simple moving average is $39.02.
Rocky Brands (NASDAQ:RCKY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The textile maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $0.35 by $1.55. Rocky Brands had a return on equity of 12.44% and a net margin of 5.72%.The company had revenue of $118.37 million for the quarter, compared to the consensus estimate of $110.08 million.
Rocky Brands Increases Dividend
More Rocky Brands News
Here are the key news stories impacting Rocky Brands this week:
- Positive Sentiment: Rocky Brands reported quarterly earnings of $1.90 per share, far above the $0.35 consensus estimate. Revenue of $118.37 million also exceeded expectations of $110.08 million, reinforcing the company’s improving operating momentum.
- Positive Sentiment: Robert W. Baird raised its price target from $53 to $56 and maintained an “outperform” rating. The consensus target is also $56, offering potential upside from recent trading levels.
- Positive Sentiment: Director Dwight Eric Smith purchased 500 shares for approximately $24,315, increasing his holdings by 3.16%. The insider purchase may modestly bolster confidence in the company’s valuation and outlook. Insider buying report
- Neutral Sentiment: Rocky Brands increased its quarterly dividend to $0.17 per share from $0.15, equivalent to a $0.68 annualized payout and an approximately 1.3% yield. The 17.8% payout ratio suggests room to maintain the dividend, although the increase is unlikely to be a major near-term catalyst.
- Neutral Sentiment: Institutional ownership remains high at approximately 75%, while several funds—including Bank of America, Renaissance Technologies and Aristides Capital—recently expanded their positions. This indicates continued institutional interest but does not necessarily predict immediate price movement.
- Negative Sentiment: Four insiders sold a combined 11,011 shares worth roughly $535,883. CEO Curtis A. Loveland sold 3,000 shares, while directors Tracie A. Winbigler, William L. Jordan and G. Courtney Haning also reduced their holdings. The cluster of sales may create an overhang and suggests some insiders are taking profits after the stock’s sharp advance. Insider trading report
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in RCKY. Allspring Global Investments Holdings LLC grew its stake in shares of Rocky Brands by 42.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 83,652 shares of the textile maker’s stock worth $2,398,000 after purchasing an additional 24,832 shares in the last quarter. Aristides Capital LLC increased its position in Rocky Brands by 264.6% during the first quarter. Aristides Capital LLC now owns 112,744 shares of the textile maker’s stock worth $4,365,000 after buying an additional 81,822 shares during the period. Deprince Race & Zollo Inc. increased its holdings in shares of Rocky Brands by 19.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 129,890 shares of the textile maker’s stock valued at $3,810,000 after acquiring an additional 21,028 shares during the period. LSV Asset Management increased its stake in Rocky Brands by 160.1% in the fourth quarter. LSV Asset Management now owns 146,365 shares of the textile maker’s stock valued at $4,293,000 after purchasing an additional 90,103 shares during the period. Finally, Walleye Capital LLC acquired a new position in Rocky Brands in the 1st quarter valued at about $516,000. Institutional investors and hedge funds own 75.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Rocky Brands in a research report on Tuesday, May 26th. Robert W. Baird raised their price objective on shares of Rocky Brands from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, BTIG Research reissued a “neutral” rating on shares of Rocky Brands in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Rocky Brands currently has an average rating of “Hold” and an average target price of $56.00.
View Our Latest Stock Analysis 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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