Rocky Brands, Inc. (NASDAQ:RCKY) Plans $0.16 Quarterly Dividend

Rocky Brands, Inc. (NASDAQ:RCKYGet Free Report) declared a quarterly dividend on Tuesday, May 21st, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.155 per share by the textile maker on Monday, June 17th. This represents a $0.62 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Monday, June 3rd.

Rocky Brands has raised its dividend payment by an average of 13.9% annually over the last three years. Rocky Brands has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings.

Rocky Brands Trading Down 4.7 %

Rocky Brands stock opened at $35.37 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.10 and a current ratio of 3.31. The business’s 50-day simple moving average is $29.38 and its 200-day simple moving average is $28.24. The firm has a market capitalization of $262.45 million, a PE ratio of 19.54 and a beta of 1.97. Rocky Brands has a 52 week low of $11.77 and a 52 week high of $40.14.

Rocky Brands (NASDAQ:RCKYGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.39. The business had revenue of $112.91 million for the quarter, compared to analyst estimates of $108.01 million. Rocky Brands had a return on equity of 8.41% and a net margin of 2.88%.

Insider Activity at Rocky Brands

In related news, Director G Courtney Haning sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $32.78, for a total transaction of $163,900.00. Following the transaction, the director now directly owns 20,686 shares in the company, valued at $678,087.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Rocky Brands news, insider Curtis A. Loveland sold 2,515 shares of Rocky Brands stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.56, for a total transaction of $89,433.40. Following the sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $3,441,603.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Courtney Haning sold 5,000 shares of Rocky Brands stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $32.78, for a total value of $163,900.00. Following the sale, the director now directly owns 20,686 shares in the company, valued at $678,087.08. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. B. Riley lifted their price objective on Rocky Brands from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. StockNews.com lowered Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Robert W. Baird lifted their price objective on Rocky Brands from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st.

Check Out Our Latest Report on Rocky Brands

About Rocky Brands

(Get Free Report)

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.

See Also

Dividend History for Rocky Brands (NASDAQ:RCKY)

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