Rocky Brands (NASDAQ:RCKY) Issues Quarterly Earnings Results

Rocky Brands (NASDAQ:RCKY) issued its quarterly earnings results on Tuesday. The textile maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $1.55, FiscalAI reports. The firm had revenue of $118.37 million during the quarter, compared to analyst estimates of $110.08 million. Rocky Brands had a return on equity of 8.43% and a net margin of 3.78%.

Here are the key takeaways from Rocky Brands’ conference call:

• Second-quarter sales rose 12% to $118.4 million, the company’s strongest growth rate since 2022, with broad-based gains led by XTRATUF, Georgia Boot, Rocky, and Lehigh B2B. Retail sales grew 21.8%, while direct-to-consumer performance was particularly strong.
• Rocky Brands raised its 2026 revenue outlook to approximately 8.5% growth, supported by stronger-than-expected Q2 results, robust second-half bookings, new retail doors, and expected fill-in orders.
• XTRATUF is expected to exceed $100 million in annual sales, representing roughly 30% growth, as the brand expands beyond its marine heritage into lifestyle, winter, casual, and additional seasonal categories.
• Underlying Q2 gross margin was approximately 38.7% excluding the tariff benefit, pressured by expedited freight, sourcing products from Asia rather than the Dominican Republic, higher component and fuel costs, and selected discounts to secure shelf space. Full-year gross margin guidance was set at about 40% excluding tariff refunds.
• Reported profitability benefited substantially from approximately $18 million of actual and expected tariff refunds; management expects about $20 million of gross tariff benefit for the year and plans to reinvest part of the proceeds while paying down debt. Excluding tariff effects, full-year EPS is expected to be similar to 2025’s $3.26, versus roughly $5 on a reported basis.

Rocky Brands Stock Up 2.9%

Rocky Brands stock traded up $1.19 during trading hours on Tuesday, reaching $42.73. The stock had a trading volume of 95,245 shares, compared to its average volume of 54,491. The company has a market cap of $322.18 million, a price-to-earnings ratio of 17.30 and a beta of 2.37. The business’s 50 day moving average price is $39.46 and its 200-day moving average price is $38.27. Rocky Brands has a 52 week low of $22.61 and a 52 week high of $48.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.90 and a quick ratio of 1.02.

Rocky Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.17 dividend. This is a boost from Rocky Brands’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, June 1st. Rocky Brands’s dividend payout ratio is presently 27.53%.

Analyst Ratings Changes

RCKY has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Rocky Brands in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. boosted its stake in Rocky Brands by 24.3% in the second quarter. Raymond James Financial Inc. now owns 557,502 shares of the textile maker’s stock valued at $12,371,000 after acquiring an additional 109,012 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Rocky Brands by 2.2% during the third quarter. Vanguard Group Inc. now owns 421,576 shares of the textile maker’s stock worth $12,559,000 after purchasing an additional 8,892 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rocky Brands by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 170,407 shares of the textile maker’s stock valued at $3,782,000 after purchasing an additional 1,303 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Rocky Brands by 9.6% in the 4th quarter. Russell Investments Group Ltd. now owns 132,751 shares of the textile maker’s stock worth $3,894,000 after purchasing an additional 11,634 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of Rocky Brands by 12.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 110,128 shares of the textile maker’s stock worth $3,230,000 after purchasing an additional 12,422 shares in the last quarter. Hedge funds and other institutional investors 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.