Rocky Brands (NASDAQ:RCKY) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Rocky Brands shares rose above their 50-day moving average, trading as high as $50.25 after the company reported quarterly earnings of $1.76 per share and revenue of $138.81 million, both above analyst expectations.
• The company raised its full-year outlook, forecasting approximately 10.5% revenue growth and reported EPS of about $5.30, while improved profitability contributed to the earnings beat.
• Analyst sentiment remains mixed: Robert W. Baird raised its price target to $52 but kept a neutral rating, and the overall analyst consensus is “Hold” with a $52 target.

Rocky Brands, Inc. (NASDAQ:RCKY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $45.25 and traded as high as $50.25. Rocky Brands shares last traded at $49.69, with a volume of 142,556 shares trading hands.

Key Headlines Impacting Rocky Brands

Here are the key news stories impacting Rocky Brands this week:

• Positive Sentiment: Rocky Brands exceeded third-quarter expectations. The company reported earnings of $1.76 per share, $0.26 above the $1.50 consensus estimate, while revenue of $138.81 million surpassed expectations of $129.84 million. The results marked the company’s second consecutive quarter of double-digit growth. Rocky Brands Third-Quarter Earnings Results
• Positive Sentiment: Full-year guidance was raised. Rocky Brands now forecasts 2026 revenue growth of approximately 10.5% and reported earnings per share of about $5.30, signaling continued demand and increased confidence in its earnings outlook. Rocky Brands Raises 2026 Outlook
• Positive Sentiment: Profitability improved materially. Coverage characterized the quarter as a margin-driven earnings beat, suggesting that stronger operating leverage or cost management helped earnings grow faster than sales. Rocky Brands Q3 Margin Surge
• Neutral Sentiment: Robert W. Baird raised its price target from $50 to $52 but maintained a “neutral” rating. The higher target acknowledges improving fundamentals, while the unchanged rating indicates the analyst believes much of the positive news may already be reflected in the stock’s valuation. Baird Rocky Brands Price Target

Wall Street Analyst Weigh In

Several research firms have issued reports on RCKY. Robert W. Baird increased their target price on shares of Rocky Brands from $50.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wall Street Zen raised shares of Rocky Brands from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 9th. Weiss Ratings upgraded shares of Rocky Brands from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Finally, BTIG Research restated a "neutral" rating on shares of Rocky Brands in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.00.

Rocky Brands Stock Performance

The company has a quick ratio of 1.12, a current ratio of 2.97 and a debt-to-equity ratio of 0.43. The company's 50-day moving average is $45.25 and its two-hundred day moving average is $40.93. The company has a market capitalization of $372.18 million, a P/E ratio of 13.01 and a beta of 2.40.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last announced its earnings results on Tuesday, October 27th. The textile maker reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.26. Rocky Brands had a net margin of 5.72% and a return on equity of 12.28%. The business had revenue of $138.81 million during the quarter, compared to analyst estimates of $129.84 million.

Rocky Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. Rocky Brands's dividend payout ratio (DPR) is 17.80%.

Insider Transactions at Rocky Brands

In related news, insider Curtis Loveland sold 3,483 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $50.54, for a total value of $176,030.82. Following the completion of the transaction, the insider directly owned 92,610 shares in the company, valued at approximately $4,680,509.40. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Jordan sold 989 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $51.87, for a total transaction of $51,299.43. Following the completion of the transaction, the director owned 20,951 shares of the company's stock, valued at $1,086,728.37. This trade represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,483 shares of company stock valued at $467,174. Insiders own 7.60% of the company's stock.

Institutional Investors Weigh In On Rocky Brands

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Rocky Brands during the second quarter valued at approximately $21,559,000. Aristides Capital LLC raised its stake in shares of Rocky Brands by 264.6% during the first quarter. Aristides Capital LLC now owns 112,744 shares of the textile maker's stock worth $4,365,000 after acquiring an additional 81,822 shares in the last quarter. Tieton Capital Management LLC bought a new stake in shares of Rocky Brands in the 2nd quarter worth approximately $4,000,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Rocky Brands by 2.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 85,463 shares of the textile maker's stock worth $3,305,000 after acquiring an additional 1,811 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Rocky Brands by 39.1% in the 1st quarter. Renaissance Technologies LLC now owns 83,535 shares of the textile maker's stock worth $3,234,000 after acquiring an additional 23,500 shares during the last quarter. Institutional investors own 75.06% of the company's stock.

About Rocky Brands

Rocky Brands, Inc is an American footwear and apparel company headquartered in Nelsonville, Ohio. Founded in 1932, the company develops, manufactures, and markets work, outdoor, western, hunting, and military footwear, along with related apparel and accessories.

Its brand portfolio includes Rocky, Georgia Boot, Durango, and Lehigh Safety Shoe. Products are designed for applications such as construction, industrial work, farming, law enforcement, outdoor recreation, hunting, and everyday wear.

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