Wall Street brokerages predict that Rocky Brands, Inc. (NASDAQ:RCKY) will announce earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Rocky Brands’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.16. Rocky Brands posted earnings per share of ($0.23) during the same quarter last year, which indicates a positive year-over-year growth rate of 139.1%. The company is expected to report its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Rocky Brands will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.84 to $1.00. For the next financial year, analysts anticipate that the firm will post earnings of $1.05 per share, with EPS estimates ranging from $0.95 to $1.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Rocky Brands.
RCKY has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Rocky Brands from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 22nd. B. Riley reissued a “neutral” rating and set a $13.00 target price on shares of Rocky Brands in a research note on Monday, April 24th.
Rocky Brands (RCKY) traded up 0.39% during mid-day trading on Tuesday, hitting $12.85. The stock had a trading volume of 17,453 shares. The company has a 50 day moving average price of $13.92 and a 200-day moving average price of $12.32. Rocky Brands has a one year low of $9.95 and a one year high of $15.70. The company’s market cap is $95.60 million.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, May 25th. Rocky Brands’s dividend payout ratio is -733.21%.
In other news, Director Robert Burton Jr. Moore bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was acquired at an average price of $13.65 per share, for a total transaction of $68,250.00. Following the transaction, the director now directly owns 8,099 shares of the company’s stock, valued at approximately $110,551.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in shares of Rocky Brands during the first quarter worth about $122,000. Marquette Asset Management Inc. purchased a new stake in Rocky Brands during the first quarter valued at $175,000. Wedge Capital Management L L P NC boosted its stake in Rocky Brands by 14.4% in the first quarter. Wedge Capital Management L L P NC now owns 18,325 shares of the textile maker’s stock valued at $212,000 after buying an additional 2,300 shares in the last quarter. ICM Asset Management Inc. WA boosted its stake in Rocky Brands by 68.3% in the fourth quarter. ICM Asset Management Inc. WA now owns 42,505 shares of the textile maker’s stock valued at $491,000 after buying an additional 17,247 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Rocky Brands by 136.0% in the first quarter. Algert Global LLC now owns 59,990 shares of the textile maker’s stock valued at $693,000 after buying an additional 34,567 shares in the last quarter. 51.61% of the stock is owned by hedge funds and other institutional investors.
About Rocky Brands
Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.
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