Rocky Brands (NASDAQ:RCKY) Shares Cross Above 200-Day Moving Average – Time to Sell?

Rocky Brands, Inc. (NASDAQ:RCKY)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.48 and traded as high as $37.21. Rocky Brands shares last traded at $36.39, with a volume of 82,957 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RCKY shares. Weiss Ratings lowered shares of Rocky Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Wall Street Zen lowered shares of Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Rocky Brands Price Performance

The company’s fifty day moving average is $41.47 and its 200 day moving average is $34.48. The company has a quick ratio of 0.93, a current ratio of 2.82 and a debt-to-equity ratio of 0.45. The stock has a market cap of $274.38 million, a PE ratio of 14.73 and a beta of 2.39.

Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings results on Tuesday, April 28th. The textile maker reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Rocky Brands had a net margin of 3.78% and a return on equity of 8.49%. The business had revenue of $124.40 million during the quarter, compared to analysts’ expectations of $122.42 million.

Rocky Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.155 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.62 annualized dividend and a yield of 1.7%. Rocky Brands’s dividend payout ratio (DPR) is 25.10%.

Institutional Trading of Rocky Brands

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Rocky Brands in the fourth quarter valued at approximately $35,000. Strs Ohio acquired a new stake in Rocky Brands in the first quarter valued at approximately $92,000. BNP Paribas Financial Markets grew its position in Rocky Brands by 391.2% in the third quarter. BNP Paribas Financial Markets now owns 3,645 shares of the textile maker’s stock valued at $109,000 after acquiring an additional 2,903 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Rocky Brands in the first quarter valued at approximately $149,000. Finally, Deutsche Bank AG grew its position in Rocky Brands by 10.0% in the fourth quarter. Deutsche Bank AG now owns 5,113 shares of the textile maker’s stock valued at $150,000 after acquiring an additional 464 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

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.