TSX higher on employment data
Director Jordan William L of Rocky Brands (NASDAQ:RCKY) sold 5,000 shares of common stock on August 29, 2025, for a total of $150,500. The shares were sold at prices ranging from $30.01 to $30.29. The transaction comes as the stock shows strong momentum, with a 34% gain year-to-date and trading near its 52-week high of $33.04. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions.
On August 28, Jordan also exercised options to acquire 5,000 shares of Rocky Brands stock at a price of $28.07, for a total value of $140,350. Rocky Brands, with a market capitalization of $227 million and P/E ratio of 12, currently trades at levels that InvestingPro analysts are closely monitoring. Get access to 10+ additional ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, Rocky Brands reported second-quarter earnings that significantly exceeded analyst expectations. The company posted adjusted earnings of $0.55 per diluted share, more than doubling the analyst estimate of $0.25. Revenue for the quarter climbed 7.5% year-over-year to $105.6 million, surpassing the consensus estimate of $102.54 million. Baird upgraded Rocky Brands from Neutral to Outperform, raising its price target to $40.00 from $30.00, following the company’s impressive performance. The upgrade was influenced by a 51% increase in EBIT and revenue growth that far exceeded Baird’s initial estimates. Additionally, Rocky Brands declared a quarterly cash dividend of $0.155 per share, payable on September 16, 2025, to shareholders of record as of September 2, 2025. These developments highlight the company’s strong brand performance and financial health.
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