Rocky Brands (RCKY) Company Overview

Rocky Brands reported weak Q3 results with slow wholesale orders amid pressured consumer spending, inventory shortages, and dry weather. After the weakness, Rocky has better growth prospects ahead in 2025 with improving industry growth and strong initial spring season bookings. The stock discounts Rocky's earnings prospects after the primarily transitory Q3 weakness, and I now estimate 46% upside to a fair value of $36.6.

NELSONVILLE, Ohio--(BUSINESS WIRE)--Rocky Brands, Inc. (Nasdaq: RCKY) today announced that its board of directors has declared a quarterly cash dividend of $0.155 per share of outstanding common stock, which will be paid on December 17, 2024 to all shareholders of record as of the close of business on December 3, 2024. The declaration and payment of future dividends and the establishment of future record dates and payment dates are subject to the quarterly determination of the board of director.

Rocky Brands, Inc. reported Q3 2024 results today, with revenues down YoY, and more challenged margins. This reversed a trend of revenues growing (adjusted for non-recurring factors) and operating margins growing, in line with deleveraging financially. Rocky is down 40% since I wrote a Hold article on the name in July 2024. The stock now offers a yield of 16% on projected earnings at 9% margins.

Rocky Brands, Inc. (NASDAQ:RCKY ) Q2 2024 Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Cody McAlester - ICR Jason Brooks - CEO Thomas Robertson - COO and CFO Conference Call Participants Janine Stichter - BTIG Jonathan Komp - Baird Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Despite high interest rates, which hit small-cap stocks harder than their larger brethren, the Russell 2000 index of the market's smallest companies is making its move. Since the end of April, the small-cap benchmark has kept pace with the S&P 500 and has been ahead till last week's dip.

Rocky Brands' (RCKY) Q1 2024 performance demonstrates strong business momentum and benefits from restructuring efforts, resulting in cost savings and improved marketing strategies.

Rocky Brands, Inc. (NASDAQ: RCKY) will be hosting its Q1 2024 earnings conference call on April 30, 2023 at 4:30 PM ET. The call will be led by Brendon Frey from ICR, Inc., with Jason Brooks and Thomas Robertson also participating. Conference call participants include Jonathan Komp from Robert W. Baird and Janine Stichter from BTIG. Thank you for joining us this afternoon.

Rocky Brands (RCKY) reported earnings of $0.41 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.02 per share. This is an improvement from a loss of $0.12 per share in the same quarter last year.

Rocky Brands, Inc. (RCKY) Q4 2023 Earnings Call Transcript