Shares of Rocky Brands Inc (NASDAQ:RCKY) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus price target of $30.00 for the company and are anticipating that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Rocky Brands an industry rank of 182 out of 257 based on the ratings given to its competitors.
A number of research analysts have recently commented on the company. ValuEngine downgraded Rocky Brands from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Friday, October 26th.
Shares of NASDAQ RCKY traded down $0.22 during midday trading on Tuesday, reaching $23.76. 2,329 shares of the stock traded hands, compared to its average volume of 26,625. The company has a market capitalization of $178.71 million, a P/E ratio of 20.48 and a beta of 0.23. Rocky Brands has a one year low of $15.00 and a one year high of $33.45.
Rocky Brands (NASDAQ:RCKY) last posted its earnings results on Tuesday, October 23rd. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $65.92 million during the quarter, compared to the consensus estimate of $63.50 million. Rocky Brands had a return on equity of 9.06% and a net margin of 6.08%. On average, equities analysts expect that Rocky Brands will post 1.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.02%. Rocky Brands’s dividend payout ratio is currently 41.38%.
Several hedge funds and other institutional investors have recently bought and sold shares of RCKY. BlackRock Inc. lifted its position in Rocky Brands by 145.1% in the second quarter. BlackRock Inc. now owns 612,546 shares of the textile maker’s stock worth $18,376,000 after buying an additional 362,612 shares during the last quarter. AQR Capital Management LLC lifted its position in Rocky Brands by 264.0% in the third quarter. AQR Capital Management LLC now owns 200,325 shares of the textile maker’s stock worth $5,670,000 after buying an additional 145,288 shares during the last quarter. Martingale Asset Management L P bought a new stake in Rocky Brands in the third quarter worth $1,909,000. Northern Trust Corp lifted its position in Rocky Brands by 202.7% in the second quarter. Northern Trust Corp now owns 84,337 shares of the textile maker’s stock worth $2,530,000 after buying an additional 56,473 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new stake in Rocky Brands in the second quarter worth $1,500,000. Hedge funds and other institutional investors own 72.64% of the company’s stock.
Rocky Brands Company Profile
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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