Rocky Brands Inc (NASDAQ:RCKY) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price objective of $31.00 for the company and are forecasting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also given Rocky Brands an industry rank of 59 out of 256 based on the ratings given to its competitors.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Rocky Brands from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Saturday, July 27th. ValuEngine cut Rocky Brands from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.
Several institutional investors have recently made changes to their positions in RCKY. Dalton Greiner Hartman Maher & Co. raised its stake in Rocky Brands by 6.1% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 162,480 shares of the textile maker’s stock valued at $4,432,000 after acquiring an additional 9,346 shares during the period. SG Americas Securities LLC bought a new stake in Rocky Brands in the 1st quarter valued at $105,000. LSV Asset Management raised its stake in Rocky Brands by 6.7% in the 1st quarter. LSV Asset Management now owns 228,324 shares of the textile maker’s stock valued at $5,470,000 after acquiring an additional 14,292 shares during the period. BlackRock Inc. raised its stake in Rocky Brands by 2.4% in the 4th quarter. BlackRock Inc. now owns 684,537 shares of the textile maker’s stock valued at $17,799,000 after acquiring an additional 16,067 shares during the period. Finally, Geode Capital Management LLC raised its stake in Rocky Brands by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 88,799 shares of the textile maker’s stock valued at $2,308,000 after acquiring an additional 4,628 shares during the period. Institutional investors own 71.26% of the company’s stock.
NASDAQ RCKY traded down $0.60 during trading on Monday, hitting $29.10. The stock had a trading volume of 26,645 shares, compared to its average volume of 41,258. The firm has a market cap of $217.53 million, a P/E ratio of 15.48 and a beta of 0.49. The company has a 50-day moving average price of $28.75. Rocky Brands has a 12 month low of $22.44 and a 12 month high of $32.76.
Rocky Brands (NASDAQ:RCKY) last released its earnings results on Wednesday, July 24th. The textile maker reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $61.96 million for the quarter, compared to analysts’ expectations of $60.40 million. Rocky Brands had a return on equity of 9.76% and a net margin of 5.91%. On average, equities research analysts predict that Rocky Brands will post 2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. Rocky Brands’s dividend payout ratio is currently 29.79%.
About Rocky Brands
Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.
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