Rocky Brands Inc (NASDAQ:RCKY) Plans Quarterly Dividend of $0.14

Rocky Brands Inc (NASDAQ:RCKY) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.14 per share by the textile maker on Tuesday, December 17th. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, December 2nd.

Shares of NASDAQ:RCKY opened at $27.88 on Friday. The stock has a market cap of $208.27 million, a PE ratio of 14.83 and a beta of 0.52. The company’s fifty day moving average is $29.71 and its 200 day moving average is $28.77. Rocky Brands has a 52 week low of $22.44 and a 52 week high of $34.14. The company has a quick ratio of 1.99, a current ratio of 4.64 and a debt-to-equity ratio of 0.01.

Rocky Brands (NASDAQ:RCKY) last issued its earnings results on Wednesday, October 23rd. The textile maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $67.18 million for the quarter, compared to analysts’ expectations of $68.20 million. Rocky Brands had a net margin of 6.09% and a return on equity of 9.86%. Sell-side analysts anticipate that Rocky Brands will post 2.06 EPS for the current year.

RCKY has been the topic of a number of analyst reports. ValuEngine cut shares of Rocky Brands from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research cut shares of Rocky Brands from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

In other Rocky Brands news, CEO Jason Brooks sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.01, for a total value of $124,040.00. Following the transaction, the chief executive officer now owns 6,238 shares in the company, valued at $193,440.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Burton Jr. Moore acquired 1,500 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $27.80 per share, for a total transaction of $41,700.00. Following the transaction, the director now directly owns 20,413 shares of the company’s stock, valued at approximately $567,481.40. The disclosure for this purchase can be found here. In the last quarter, insiders sold 7,500 shares of company stock worth $229,960. 7.80% of the stock is owned by corporate insiders.

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.

Further Reading: Straddles

Dividend History for Rocky Brands (NASDAQ:RCKY)

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