Rocky Brands, Inc. (NASDAQ:RCKY) Insider Curtis A. Loveland Sells 2,515 Shares

Rocky Brands, Inc. (NASDAQ:RCKY) insider Curtis A. Loveland sold 2,515 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $35.56, for a total value of $89,433.40. Following the transaction, the insider now owns 96,783 shares in the company, valued at approximately $3,441,603.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rocky Brands Trading Up 5.1 %

RCKY opened at $36.16 on Thursday. The company has a market cap of $268.42 million, a P/E ratio of 19.98 and a beta of 1.97. The company has a current ratio of 3.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $27.25 and its 200-day moving average is $26.69. Rocky Brands, Inc. has a 1-year low of $11.77 and a 1-year high of $37.42.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. The business had revenue of $125.95 million for 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, March 1st. Rocky Brands’s dividend payout ratio is currently 34.25%.

Wall Street Analyst Weigh In

RCKY has been the subject of several analyst reports. Robert W. Baird raised 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. StockNews.com downgraded Rocky Brands from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, B. Riley increased their price objective on shares of Rocky Brands from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th.

Institutional Investors Weigh In On Rocky Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in Rocky Brands by 94.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,700 shares of the textile maker’s stock valued at $51,000 after acquiring an additional 826 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 1,332 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Rocky Brands during the 4th quarter worth approximately $118,000. New York State Common Retirement Fund grew its position in shares of Rocky Brands by 1,793.8% during the 4th quarter. New York State Common Retirement Fund now owns 4,564 shares of the textile maker’s stock worth $138,000 after buying an additional 4,323 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Rocky Brands in the fourth quarter valued at $235,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Rocky Brands Company Profile

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.