Curtis Loveland Sells 4,775 Shares of Rocky Brands (NASDAQ:RCKY) Stock

Rocky Brands, Inc. (NASDAQ:RCKY) insider Curtis Loveland sold 4,775 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $32.43, for a total transaction of $154,853.25. Following the completion of the sale, the insider owned 95,454 shares in the company, valued at approximately $3,095,573.22. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Rocky Brands Trading Up 1.8%

NASDAQ RCKY traded up $0.54 on Thursday, hitting $29.83. 371,715 shares of the company were exchanged, compared to its average volume of 62,746. The company’s 50 day moving average price is $29.07 and its 200-day moving average price is $24.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 0.79. The firm has a market capitalization of $222.77 million, a P/E ratio of 10.89 and a beta of 2.49. Rocky Brands, Inc. has a twelve month low of $11.93 and a twelve month high of $33.40.

Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings data on Tuesday, October 28th. The textile maker reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.13. The firm had revenue of $122.50 million for the quarter, compared to the consensus estimate of $122.92 million. Rocky Brands had a return on equity of 11.15% and a net margin of 4.37%.

Rocky Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. Rocky Brands’s dividend payout ratio is 22.63%.

Institutional Investors Weigh In On Rocky Brands

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in Rocky Brands during the first quarter worth approximately $92,000. Metis Global Partners LLC bought a new stake in Rocky Brands during the third quarter worth approximately $208,000. Lazard Asset Management LLC bought a new stake in Rocky Brands during the second quarter worth approximately $155,000. Jump Financial LLC bought a new stake in Rocky Brands during the second quarter worth approximately $208,000. Finally, NewEdge Advisors LLC boosted its position in shares of Rocky Brands by 1,060.4% in the second quarter. NewEdge Advisors LLC now owns 11,407 shares of the textile maker’s stock valued at $253,000 after acquiring an additional 10,424 shares during the period. Institutional investors own 75.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Baird R W raised shares of Rocky Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Robert W. Baird set a $42.00 price target on Rocky Brands in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Rocky Brands in a research note on Wednesday, October 8th. BTIG Research reissued a “neutral” rating on shares of Rocky Brands in a research note on Wednesday, October 29th. Finally, Citigroup reissued a “neutral” rating on shares of Rocky Brands in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Rocky Brands presently has an average rating of “Moderate Buy” and an average target price of $42.00.

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.