Curtis Loveland Sells 3,000 Shares of Rocky Brands (NASDAQ:RCKY) Stock

Rocky Brands, Inc. (NASDAQ:RCKY) insider Curtis Loveland sold 3,000 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $49.62, for a total value of $148,860.00. Following the completion of the transaction, the insider directly owned 96,094 shares in the company, valued at approximately $4,768,184.28. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Rocky Brands Stock Down 0.6%

Shares of NASDAQ:RCKY opened at $50.47 on Wednesday. The business has a 50-day moving average price of $40.98 and a 200 day moving average price of $39.02. The company has a current ratio of 2.90, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $380.54 million, a price-to-earnings ratio of 13.21 and a beta of 2.36. Rocky Brands, Inc. has a 12-month low of $25.65 and a 12-month high of $53.01.

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

Rocky Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.17 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. This is an increase from Rocky Brands’s previous quarterly dividend of $0.15. Rocky Brands’s dividend payout ratio (DPR) is currently 17.80%.

Institutional Investors Weigh In On Rocky Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in shares of Rocky Brands during the 4th quarter worth $35,000. Strs Ohio purchased a new stake in Rocky Brands during the first quarter worth about $92,000. BNP Paribas Financial Markets boosted its holdings in Rocky Brands by 391.2% during the third quarter. BNP Paribas Financial Markets now owns 3,645 shares of the textile maker’s stock worth $109,000 after buying an additional 2,903 shares in the last quarter. SG Americas Securities LLC acquired a new position in Rocky Brands during the first quarter worth about $149,000. Finally, Deutsche Bank AG grew its position in Rocky Brands by 10.0% during the fourth quarter. Deutsche Bank AG now owns 5,113 shares of the textile maker’s stock worth $150,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds own 75.06% of the company’s stock.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RCKY. BTIG Research reiterated a “neutral” rating on shares of Rocky Brands in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rocky Brands in a research report on Tuesday, May 26th. Robert W. Baird boosted their price target on shares of Rocky Brands from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research 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.com, the company presently has a consensus rating of “Hold” and an average target price of $56.00.

About Rocky Brands

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.