Rocky Brands (NASDAQ:RCKY) Shares Pass Above 200 Day Moving Average of $24.68

Rocky Brands, Inc. (NASDAQ:RCKY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.68 and traded as high as $27.34. Rocky Brands shares last traded at $26.51, with a volume of 20,425 shares trading hands.

Analysts Set New Price Targets

RCKY has been the topic of several recent analyst reports. B. Riley lifted their target price on Rocky Brands from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. StockNews.com downgraded Rocky Brands from a “buy” rating to a “hold” rating in a research note on Friday, April 5th.

Rocky Brands Trading Down 1.7 %

The company has a current ratio of 3.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $27.26 and a 200-day simple moving average of $24.68. The firm has a market cap of $196.70 million, a P/E ratio of 18.67 and a beta of 1.97.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. Rocky Brands had a return on equity of 6.70% and a net margin of 2.26%. The business had revenue of $125.95 million for the quarter, compared to the consensus estimate of $128.90 million. On average, equities research analysts expect that Rocky Brands, Inc. will post 1.96 EPS for the current fiscal year.

Rocky Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, March 1st. Rocky Brands’s payout ratio is 43.66%.

Institutional Trading of Rocky Brands

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Rocky Brands by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 392,245 shares of the textile maker’s stock worth $11,838,000 after acquiring an additional 2,488 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Rocky Brands in the 4th quarter worth approximately $598,000. Barclays PLC boosted its holdings in shares of Rocky Brands by 669.7% in the 4th quarter. Barclays PLC now owns 9,567 shares of the textile maker’s stock worth $289,000 after purchasing an additional 8,324 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Rocky Brands by 37.7% in the 4th quarter. Nuveen Asset Management LLC now owns 18,825 shares of the textile maker’s stock worth $568,000 after purchasing an additional 5,151 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Rocky Brands by 0.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 48,283 shares of the textile maker’s stock worth $1,457,000 after purchasing an additional 384 shares during the period. Institutional investors own 75.06% of the company’s stock.

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.