Insider Selling: Rocky Brands (NASDAQ:RCKY) Insider Sells $115,200.00 in Stock

Rocky Brands, Inc. (NASDAQ:RCKY) insider Curtis Loveland sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $28.80, for a total value of $115,200.00. Following the sale, the insider owned 101,229 shares in the company, valued at approximately $2,915,395.20. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rocky Brands Trading Down 0.3%

Shares of RCKY opened at $29.74 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.79 and a current ratio of 2.76. The company has a market cap of $222.10 million, a price-to-earnings ratio of 10.85 and a beta of 2.49. The stock has a fifty day moving average price of $29.04 and a two-hundred day moving average price of $25.07. Rocky Brands, Inc. has a 52-week low of $11.93 and a 52-week high of $33.40.

Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, October 28th. The textile maker reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. Rocky Brands had a return on equity of 11.15% and a net margin of 4.37%.The company had revenue of $122.54 million during the quarter, compared to analyst estimates of $122.92 million.

Rocky Brands Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Rocky Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Rocky Brands by 2.2% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in Rocky Brands by 285.1% in the third quarter. JPMorgan Chase & Co. now owns 13,220 shares of the textile maker’s stock valued at $394,000 after purchasing an additional 9,787 shares during the last quarter. Metis Global Partners LLC bought a new stake in Rocky Brands in the third quarter valued at about $208,000. LSV Asset Management lifted its stake in Rocky Brands by 87.2% in the third quarter. LSV Asset Management now owns 56,262 shares of the textile maker’s stock valued at $1,676,000 after buying an additional 26,201 shares during the period. Finally, SummerHaven Investment Management LLC bought a new position in Rocky Brands during the third quarter worth about $1,037,000. Institutional investors own 75.06% of the company’s stock.

Rocky Brands Company Profile

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.