Rocky Brands (NASDAQ:RCKY) Share Price Crosses Above 200-Day Moving Average - What's Next?

Rocky Brands, Inc. (NASDAQ:RCKY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.61 and traded as high as $21.95. Rocky Brands shares last traded at $21.77, with a volume of 64,064 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on RCKY shares. Wall Street Zen lowered shares of Rocky Brands from a "buy" rating to a "hold" rating in a research note on Monday, May 12th. Robert W. Baird lifted their price target on shares of Rocky Brands from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th.

Rocky Brands Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.85 and a current ratio of 2.64. The company has a market capitalization of $160.99 million, a PE ratio of 11.79 and a beta of 2.37. The company's 50-day simple moving average is $19.73 and its 200-day simple moving average is $20.62.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.21. Rocky Brands had a net margin of 3.03% and a return on equity of 9.34%. The company had revenue of $114.07 million for the quarter, compared to the consensus estimate of $112.67 million.

Rocky Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, June 2nd. Rocky Brands's payout ratio is currently 33.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC boosted its holdings in shares of Rocky Brands by 46.2% in the first quarter. Voya Investment Management LLC now owns 14,801 shares of the textile maker's stock valued at $257,000 after acquiring an additional 4,676 shares in the last quarter. Strs Ohio purchased a new stake in shares of Rocky Brands in the first quarter valued at about $92,000. Empowered Funds LLC boosted its holdings in shares of 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 acquiring an additional 2,205 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Rocky Brands in the first quarter valued at about $229,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Rocky Brands by 6.0% in the first quarter. Raymond James Financial Inc. now owns 448,490 shares of the textile maker's stock valued at $7,790,000 after acquiring an additional 25,551 shares in the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

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.