G Courtney Haning Sells 3,000 Shares of Rocky Brands (NASDAQ:RCKY) Stock

Rocky Brands, Inc. (NASDAQ:RCKY) Director G Courtney Haning sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $49.06, for a total transaction of $147,180.00. Following the sale, the director directly owned 19,750 shares in the company, valued at $968,935. This trade represents a 13.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rocky Brands Trading Down 0.6%

Rocky Brands stock opened at $50.47 on Wednesday. The company has a market cap of $380.54 million, a price-to-earnings ratio of 13.21 and a beta of 2.36. The firm has a 50-day moving average of $40.98 and a 200-day moving average of $39.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.90 and a quick ratio of 1.02. Rocky Brands, Inc. has a one year low of $25.65 and a one year high of $53.01.

Rocky Brands (NASDAQ:RCKY) last released its earnings results on Tuesday, July 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $1.55. Rocky Brands had a return on equity of 12.44% and a net margin of 5.72%.The business had revenue of $118.37 million for the quarter, compared to the consensus estimate of $110.08 million.

Rocky Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.17 dividend. This is a positive change from Rocky Brands’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Rocky Brands’s dividend payout ratio is 17.80%.

Rocky Brands News Roundup

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

Hedge Funds Weigh In On Rocky Brands

Several hedge funds and other institutional investors have recently modified their holdings of RCKY. Deutsche Bank AG raised its holdings in shares of Rocky Brands by 10.0% during the 4th quarter. Deutsche Bank AG now owns 5,113 shares of the textile maker’s stock worth $150,000 after buying an additional 464 shares in the last quarter. NewEdge Advisors LLC boosted its position in Rocky Brands by 5.4% in the fourth quarter. NewEdge Advisors LLC now owns 11,657 shares of the textile maker’s stock valued at $342,000 after buying an additional 598 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Rocky Brands by 2.8% during the fourth quarter. First Trust Advisors LP now owns 23,692 shares of the textile maker’s stock worth $695,000 after buying an additional 655 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Rocky Brands by 5.4% during the fourth quarter. Invesco Ltd. now owns 15,262 shares of the textile maker’s stock worth $448,000 after buying an additional 781 shares in the last quarter. Finally, Aristides Capital LLC lifted its stake in shares of Rocky Brands by 3.3% in the 4th quarter. Aristides Capital LLC now owns 30,922 shares of the textile maker’s stock valued at $907,000 after acquiring an additional 979 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RCKY shares. Wall Street Zen upgraded Rocky Brands from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird upped their price target 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. BTIG Research reiterated a “neutral” rating on shares of Rocky Brands in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Rocky Brands in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Rocky Brands currently has an average rating of “Hold” and an average price target of $56.00.

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.