Dwight Eric Smith Purchases 500 Shares of Rocky Brands (NASDAQ:RCKY) Stock

Rocky Brands, Inc. (NASDAQ:RCKY) Director Dwight Eric Smith purchased 500 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were bought at an average cost of $48.63 per share, with a total value of $24,315.00. Following the transaction, the director directly owned 16,346 shares of the company’s stock, valued at $794,905.98. This represents a 3.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Rocky Brands Stock Performance

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

Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings data 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 business had revenue of $118.37 million for the quarter, compared to analyst estimates of $110.08 million. Rocky Brands had a return on equity of 12.44% and a net margin of 5.72%.

Rocky Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend 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 is 17.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RCKY. Raymond James Financial Inc. lifted its holdings in shares of Rocky Brands by 24.3% during the 2nd quarter. Raymond James Financial Inc. now owns 557,502 shares of the textile maker’s stock worth $12,371,000 after acquiring an additional 109,012 shares during the period. Vanguard Group Inc. grew its holdings in Rocky Brands by 2.2% in the third quarter. Vanguard Group Inc. now owns 421,576 shares of the textile maker’s stock valued at $12,559,000 after purchasing an additional 8,892 shares during the period. Geode Capital Management LLC grew its holdings in Rocky Brands by 0.8% in the second 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 period. LSV Asset Management grew its holdings in Rocky Brands by 160.1% in the fourth quarter. LSV Asset Management now owns 146,365 shares of the textile maker’s stock valued at $4,293,000 after purchasing an additional 90,103 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Rocky Brands by 9.6% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Key Rocky Brands News

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

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

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.