Rocky Brands Inc (NASDAQ:RCKY) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a one year consensus price objective of $31.00 for the company and are anticipating that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given Rocky Brands an industry rank of 42 out of 255 based on the ratings given to related companies.
Several research analysts recently commented on RCKY shares. ValuEngine downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research downgraded shares of Rocky Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.
Shares of RCKY traded up $0.51 during mid-day trading on Monday, reaching $31.05. The company had a trading volume of 1,610 shares, compared to its average volume of 51,883. Rocky Brands has a twelve month low of $22.44 and a twelve month high of $34.14. The company’s 50-day moving average is $31.11 and its 200-day moving average is $28.41. The company has a market capitalization of $212.43 million, a P/E ratio of 16.52 and a beta of 0.52.
Rocky Brands (NASDAQ:RCKY) last issued its earnings results on Wednesday, October 23rd. The textile maker reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.05. The business had revenue of $67.18 million during the quarter, compared to analysts’ expectations of $68.20 million. Rocky Brands had a return on equity of 9.97% and a net margin of 6.09%. On average, equities analysts predict that Rocky Brands will post 2.06 earnings per share for the current fiscal year.
In other Rocky Brands news, Director Michael L. Finn sold 2,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $29.89, for a total value of $59,780.00. Following the completion of the transaction, the director now directly owns 25,717 shares of the company’s stock, valued at approximately $768,681.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Burton Jr. Moore purchased 1,500 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $27.80 per share, with a total value of $41,700.00. Following the completion of the acquisition, the director now owns 20,413 shares in the company, valued at $567,481.40. The disclosure for this purchase can be found here. 7.80% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Meritage Portfolio Management bought a new position in Rocky Brands in the 3rd quarter valued at $220,000. Rhumbline Advisers raised its position in shares of Rocky Brands by 10.3% during the 3rd quarter. Rhumbline Advisers now owns 10,675 shares of the textile maker’s stock valued at $355,000 after buying an additional 1,000 shares in the last quarter. Strs Ohio raised its position in shares of Rocky Brands by 7.8% during the 2nd quarter. Strs Ohio now owns 13,900 shares of the textile maker’s stock valued at $379,000 after buying an additional 1,000 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of Rocky Brands by 7.4% during the 2nd quarter. WINTON GROUP Ltd now owns 14,811 shares of the textile maker’s stock valued at $404,000 after buying an additional 1,023 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Rocky Brands by 28.1% during the 3rd quarter. First Trust Advisors LP now owns 15,606 shares of the textile maker’s stock valued at $519,000 after buying an additional 3,423 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.
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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