Rocky Brands (NASDAQ:RCKY) Posts Earnings Results, Beats Expectations By $0.46 EPS

Rocky Brands (NASDAQ:RCKY) issued its quarterly earnings results on Tuesday. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.46, FiscalAI reports. Rocky Brands had a net margin of 4.37% and a return on equity of 11.03%. The company had revenue of $139.72 million for the quarter, compared to the consensus estimate of $134.05 million.

Here are the key takeaways from Rocky Brands’ conference call:

• Q4 net sales rose 9.1% to $139.7M, and full‑year net sales increased 6.2% to $482M with gross margin expanding 150 basis points despite tariff headwinds.
• Retail and e‑commerce were the primary growth engines, with retail up 30.8% in Q4 and branded websites driving strong conversion and traffic—notably rapid growth at XTRATUF and Muck.
• Tariff pressure will weigh on early‑2026 results, as management expects roughly $10M of IEPA tariffs to hit the P&L in H1 (about 80% in Q1), making earnings back‑loaded to the second half of the year.
• 2026 outlook targets ~6% revenue growth with gross margins expected to be similar to 2025 and EPS growth in the low teens, while SG&A will rise in dollars as marketing spend increases to support growth.
• Balance sheet and profitability trends are mixed: net debt declined to $122.6M and interest expense fell, but cash was limited at $2.9M and operating expenses increased due to logistics, marketing, and incentives.

Rocky Brands Price Performance

RCKY stock opened at $33.49 on Wednesday. The firm has a 50 day moving average of $31.78 and a 200-day moving average of $30.05. The firm has a market capitalization of $250.84 million, a P/E ratio of 12.22 and a beta of 2.72. Rocky Brands has a 12 month low of $11.93 and a 12 month high of $34.61. The company has a current ratio of 2.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53.

Rocky Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 2nd. Rocky Brands’s dividend payout ratio is presently 22.63%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in Rocky Brands during the fourth quarter valued at $1,148,000. Bridgeway Capital Management LLC raised its holdings in shares of Rocky Brands by 12.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 110,128 shares of the textile maker’s stock valued at $3,230,000 after acquiring an additional 12,422 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Rocky Brands by 104.9% during the 2nd quarter. Marshall Wace LLP now owns 53,375 shares of the textile maker’s stock valued at $1,184,000 after acquiring an additional 27,326 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Rocky Brands by 1,153.5% during the third quarter. Bank of America Corp DE now owns 41,803 shares of the textile maker’s stock worth $1,245,000 after purchasing an additional 38,468 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Rocky Brands by 2.8% in the fourth quarter. First Trust Advisors LP now owns 23,692 shares of the textile maker’s stock worth $695,000 after purchasing an additional 655 shares during the last quarter. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RCKY shares. Wall Street Zen raised shares of Rocky Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Robert W. Baird set a $42.00 price objective on Rocky Brands in a report on Wednesday, October 29th. BTIG Research restated a “neutral” rating on shares of Rocky Brands in a research note on Wednesday, October 29th. Citigroup reaffirmed a “neutral” rating on shares of Rocky Brands in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Rocky Brands in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

About Rocky Brands

Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.

Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.