Insider Selling: Rocky Brands, Inc. (NASDAQ:RCKY) Director Sells 5,000 Shares of Stock

Rocky Brands, Inc. (NASDAQ:RCKY - Get Free Report) Director G Courtney Haning sold 5,000 shares of Rocky Brands stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $32.78, for a total transaction of $163,900.00. Following the completion of the transaction, the director now directly owns 20,686 shares in the company, valued at approximately $678,087.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rocky Brands Trading Up 3.3 %

Shares of NASDAQ:RCKY traded up $1.11 during mid-day trading on Friday, hitting $35.11. The stock had a trading volume of 84,918 shares, compared to its average volume of 31,520. The company's 50 day moving average is $26.88 and its 200-day moving average is $26.02. Rocky Brands, Inc. has a 12-month low of $11.77 and a 12-month high of $35.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.24 and a current ratio of 3.61. The company has a market cap of $260.52 million, a PE ratio of 18.78 and a beta of 1.97.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last released its earnings results on Wednesday, February 28th. The textile maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.09. The company had revenue of $125.95 million during the quarter, compared to analyst estimates of $128.90 million. Rocky Brands had a return on equity of 8.49% and a net margin of 2.88%.

Rocky Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a dividend of $0.155 per share. The ex-dividend date was Friday, March 1st. This represents a $0.62 annualized dividend and a yield of 1.77%. Rocky Brands's dividend payout ratio (DPR) is presently 34.25%.

Institutional Trading of Rocky Brands

A number of hedge funds have recently made changes to their positions in RCKY. Tower Research Capital LLC TRC increased its stake in Rocky Brands by 94.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,700 shares of the textile maker's stock valued at $51,000 after buying an additional 826 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Rocky Brands by 59.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker's stock valued at $97,000 after acquiring an additional 1,332 shares in the last quarter. Aristides Capital LLC increased its stake in shares of Rocky Brands by 3.5% in the fourth quarter. Aristides Capital LLC now owns 42,647 shares of the textile maker's stock worth $1,287,000 after acquiring an additional 1,441 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Rocky Brands during the fourth quarter worth $118,000. Finally, Denali Advisors LLC grew its stake in Rocky Brands by 24.7% in the fourth quarter. Denali Advisors LLC now owns 20,832 shares of the textile maker's stock valued at $629,000 after purchasing an additional 4,132 shares in the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RCKY has been the topic of several recent research reports. Robert W. Baird lifted their price target on shares of Rocky Brands from $28.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday. StockNews.com lowered Rocky Brands from a "buy" rating to a "hold" rating in a research report on Thursday, April 25th. Finally, B. Riley increased their price target on Rocky Brands from $19.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, February 27th.

About Rocky Brands

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.

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