Rocky Brands Inc (NASDAQ:RCKY) insider Jason Brooks sold 9,488 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $30.55, for a total value of $289,858.40. Following the transaction, the insider now directly owns 4,709 shares in the company, valued at approximately $143,859.95. The transaction was disclosed in a filing with the SEC, which is available at this link.

RCKY stock traded up $0.95 during trading on Friday, reaching $30.60. 2,846 shares of the company traded hands, compared to its average volume of 76,374. Rocky Brands Inc has a 12 month low of $12.80 and a 12 month high of $33.45. The company has a market cap of $230.14 million, a P/E ratio of 25.60 and a beta of 0.17.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Tuesday, July 31st. The textile maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.14. Rocky Brands had a return on equity of 8.12% and a net margin of 4.99%. The company had revenue of $58.21 million for the quarter, compared to the consensus estimate of $55.40 million. sell-side analysts predict that Rocky Brands Inc will post 1.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, August 30th. Rocky Brands’s payout ratio is currently 41.38%.

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. bought a new stake in Rocky Brands during the second quarter valued at about $129,000. Bank of Montreal Can bought a new stake in Rocky Brands during the second quarter valued at about $155,000. Engineers Gate Manager LP bought a new stake in Rocky Brands during the second quarter valued at about $220,000. Strs Ohio bought a new stake in Rocky Brands during the second quarter valued at about $246,000. Finally, Spark Investment Management LLC bought a new stake in Rocky Brands during the second quarter valued at about $291,000. 61.10% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Rocky Brands from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, April 25th. Zacks Investment Research downgraded Rocky Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 25th.

Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.

Recommended Story: Outstanding Shares and The Effect on Share Price

Insider Buying and Selling by Quarter for Rocky Brands (NASDAQ:RCKY)

Receive News & Ratings for Rocky Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Brands and related companies with MarketBeat.com's FREE daily email newsletter.