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Dwight Eric Smith, a director at Rocky Brands , Inc. (NASDAQ:RCKY), recently acquired 1,000 shares of the company’s common stock. The purchase, which took place on March 4, 2025, was executed at a price of $18.61 per share, totaling $18,610. Following this transaction, Smith’s direct ownership in Rocky Brands amounts to 11,155 shares. The timing of this purchase is notable as the stock trades near its 52-week low of $18.22, having declined about 37% over the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels.
Rocky Brands, headquartered in Nelsonville, Ohio, is known for its manufacturing of footwear. This recent acquisition by a board member might catch the attention of investors watching insider activities within the company. The company maintains a 3.3% dividend yield and has consistently paid dividends for 13 consecutive years. For deeper insights into Rocky Brands’ valuation and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Rocky Brands Inc. announced its fourth-quarter 2024 financial results, reporting an earnings per share (EPS) of $1.19, which fell short of the forecasted $1.24. However, the company exceeded revenue expectations, bringing in $128.1 million compared to the anticipated $127.16 million. Despite the EPS miss, the company demonstrated a robust sales performance and a strategic reduction of debt by 25.7% over the past year. Additionally, Rocky Brands approved a new share repurchase program worth $7.5 million, signaling confidence in its financial strategy. The company faces challenges from a 10% increase in tariffs on China-sourced products, which may impact profitability. Analyst discussions during the earnings call highlighted the company’s proactive strategies to mitigate these tariff impacts. Looking ahead, Rocky Brands anticipates low single-digit revenue growth for 2025, with a slight decline in EPS compared to 2024, excluding tariff impacts. The company continues to focus on expanding product lines and reducing manufacturing dependency on China to address external challenges.
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