Tracie Winbigler Sells 3,000 Shares of Rocky Brands (NASDAQ:RCKY) Stock

Rocky Brands, Inc. (NASDAQ:RCKY) Director Tracie Winbigler sold 3,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $47.45, for a total transaction of $142,350.00. Following the completion of the sale, the director directly owned 14,246 shares of the company’s stock, valued at $675,972.70. This represents a 17.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Rocky Brands Price Performance

Rocky Brands stock opened at $50.47 on Wednesday. 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 50-day moving average price of $40.98 and a 200 day moving average price of $39.02. Rocky Brands, Inc. has a 12-month low of $25.65 and a 12-month high of $53.01. The stock has a market cap of $380.54 million, a P/E ratio of 13.21 and a beta of 2.36.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings results on Tuesday, July 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $1.55. The business had revenue of $118.37 million during the quarter, compared to the consensus estimate 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 firm also recently announced 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. This represents a $0.68 annualized dividend and a yield of 1.3%. This is a positive change from Rocky Brands’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, June 1st. Rocky Brands’s payout ratio is 17.80%.

Institutional Trading of Rocky Brands

Several hedge funds have recently modified their holdings of RCKY. Empowered Funds LLC increased its holdings in Rocky Brands by 6.8% in the first quarter. Empowered Funds LLC now owns 34,672 shares of the textile maker’s stock valued at $602,000 after buying an additional 2,205 shares during the last quarter. Strs Ohio purchased a new stake in Rocky Brands during the 1st quarter worth about $92,000. Geode Capital Management LLC lifted its holdings in Rocky Brands by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 170,407 shares of the textile maker’s stock worth $3,782,000 after buying an additional 1,303 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Rocky Brands during the 2nd quarter worth about $572,000. Finally, First Trust Advisors LP boosted its position in shares of Rocky Brands by 4.2% during the 2nd quarter. First Trust Advisors LP now owns 24,086 shares of the textile maker’s stock worth $534,000 after acquiring an additional 963 shares in the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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

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.