Rocky Brands, Inc. (RCKY) To Go Ex-Dividend on June 3rd

Rocky Brands, Inc. (NASDAQ:RCKY) announced a quarterly dividend on Tuesday, May 21st, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.155 per share by the textile maker on Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, June 3rd.

Rocky Brands has raised its dividend payment by an average of 13.9% annually over the last three years. Rocky Brands has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings.

Rocky Brands Trading Down 0.0 %

Shares of Rocky Brands stock traded down $0.01 during trading on Thursday, reaching $35.36. 890 shares of the company were exchanged, compared to its average volume of 33,962. Rocky Brands has a twelve month low of $11.77 and a twelve month high of $40.14. The business has a 50-day moving average price of $29.38 and a 200-day moving average price of $28.24. The company has a quick ratio of 1.10, a current ratio of 3.31 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $262.37 million, a price-to-earnings ratio of 19.54 and a beta of 1.97.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.39. Rocky Brands had a return on equity of 8.41% and a net margin of 2.88%. The company had revenue of $112.91 million during the quarter, compared to analysts’ expectations of $108.01 million.

Insider Activity

In other news, Director G Courtney Haning sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $32.78, for a total transaction of $163,900.00. Following the transaction, the director now owns 20,686 shares in the company, valued at $678,087.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director G Courtney Haning sold 5,000 shares of Rocky Brands stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $32.78, for a total value of $163,900.00. Following the completion of the sale, the director now directly owns 20,686 shares in the company, valued at $678,087.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Curtis A. Loveland sold 2,515 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.56, for a total value of $89,433.40. Following the completion of the sale, the insider now owns 96,783 shares of the company’s stock, valued at $3,441,603.48. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

RCKY has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on shares of Rocky Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. B. Riley increased their price objective on shares of Rocky Brands from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, StockNews.com cut shares of Rocky Brands from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.