Rocky Brands, Inc. (NASDAQ:RCKY) Director G Courtney Haning Sells 5,000 Shares

Rocky Brands, Inc. (NASDAQ:RCKY) Director G Courtney Haning sold 5,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $32.78, for a total transaction of $163,900.00. Following the completion of the transaction, the director now owns 20,686 shares of the company’s stock, valued at approximately $678,087.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Rocky Brands Stock Up 3.3 %

RCKY stock opened at $35.11 on Monday. The firm has a market cap of $260.52 million, a PE ratio of 19.40 and a beta of 1.97. Rocky Brands, Inc. has a 12 month low of $11.77 and a 12 month high of $35.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.61 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $26.98 and a 200 day simple moving average of $26.33.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.09. The business had revenue of $125.95 million during the quarter, compared to analyst estimates of $128.90 million. Rocky Brands had a return on equity of 8.49% and a net margin of 2.88%.

Rocky Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, March 1st. Rocky Brands’s payout ratio is 34.25%.

Analyst Ratings Changes

A number of analysts have recently weighed in on RCKY shares. B. Riley upped their price target on shares of Rocky Brands from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. StockNews.com downgraded Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Robert W. Baird upped their price objective on Rocky Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st.

Institutional Investors Weigh In On Rocky Brands

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Rocky Brands by 94.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,700 shares of the textile maker’s stock worth $51,000 after purchasing an additional 826 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Rocky Brands by 59.5% in the first quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker’s stock worth $97,000 after buying an additional 1,332 shares during the period. Aristides Capital LLC boosted its position in shares of Rocky Brands by 3.5% in the fourth quarter. Aristides Capital LLC now owns 42,647 shares of the textile maker’s stock worth $1,287,000 after buying an additional 1,441 shares during the period. SG Americas Securities LLC purchased a new position in shares of Rocky Brands during the fourth quarter valued at $118,000. Finally, Denali Advisors LLC raised its position in Rocky Brands by 24.7% during the fourth quarter. Denali Advisors LLC now owns 20,832 shares of the textile maker’s stock valued at $629,000 after buying an additional 4,132 shares during the period. Institutional investors and hedge funds own 75.06% of the company’s stock.

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.