Rocky Brands, Inc. (RCKY) AI Stock Analysis

Rocky Brands, Inc. specializes in the design, manufacturing, and distribution of footwear and apparel under a portfolio of brands including Rocky, Georgia Boot, Durango, Lehigh, Muck, XTRATUF, Servus, NEOS, Ranger, and licensed Michelin brands. It operates in the United States, Canada, and internationally across three segments: Wholesale, Retail, and Contract Manufacturing. The Wholesale segment supplies approximately 10,000 retail locations, including sporting goods stores, outdoor retailers, and farm store chains. The Retail segment markets directly through e-commerce websites and retail outlets, while Contract Manufacturing handles private label production and contracts such as footwear for the U.S. Military.

Between FY2020 and FY2025, Rocky Brands generated a 5-year revenue CAGR of 11.7%. Revenue rose to $615.5M in FY2022 before dropping 25.0% in FY2023 to $461.8M and 1.7% in FY2024 to $453.8M. Performance rebounded in FY2025, with revenue growing 6.2% to $482.0M and gross margin expanding to 40.9%. Operating margin reached 7.7% in FY2025, with net income totaling $22.3M, or $3.25 per share. In the latest quarter ended June 30, 2026, quarterly revenue increased 12.0% year-over-year, while quarterly earnings expanded 281.3% year-over-year. For the trailing twelve months, revenue was $505.0M and diluted EPS was $3.81.

As of June 30, 2026, Rocky Brands held $2.6M in cash and short-term investments against total debt of $130.0M, resulting in net debt of $127.4M. Shareholders' equity stood at $263.6M, representing a debt-to-equity ratio of 0.49 and a current ratio of 2.97. In FY2025, operating cash flow was $16.3M and free cash flow was $9.7M. Capital expenditures used $6.6M in FY2025, while cash returned to shareholders included $4.6M in dividends paid and $201,000 in share buybacks.

Rocky Brands carries a market cap of $343.0M and an enterprise value of $466.5M. The stock trades at a trailing P/E of 12.0x and a forward P/E of 11.7x, both below the median of its US-listed Consumer Cyclical peers at 18.0x and 14.1x, respectively. Its EV-to-EBITDA stands at 8.5x compared to the peer median of 11.1x, while its price-to-sales ratio of 0.7x matches the peer median. Over the past year, the stock returned 72.7%, outperforming the S&P 500 return of 16.8%, though its 5-year return of 0.5% lagged the S&P 500 return of 83.0%.

Rocky Brands pays a quarterly dividend with an annual forward payout of $0.68, reflecting a dividend yield of 1.48%. The payout ratio is 15.8%, and the company has paid dividends for 14 consecutive years. The dividend has grown at an annualized rate of 2.1% over the past 5 years. Its last ex-dividend date was September 1, 2026.

Wall Street coverage includes 2 analysts, both holding a Hold rating. The mean price target is $50.00, which is 9.1% above the last close of $45.81. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $4.95, representing 51.7% growth, on revenue of $522.9M. For the following fiscal year, analysts forecast EPS of $4.20 on revenue of $547.7M. The company has beaten EPS expectations in 3 of the last 4 quarters, with the next earnings release scheduled for October 27, 2026.

This page is an AI-written research summary of Rocky Brands, Inc. (RCKY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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