Rocky Brands, Inc. (NASDAQ:RCKY) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus price objective of $13.00 for the company and are anticipating that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given Rocky Brands an industry rank of 109 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on RCKY shares. B. Riley reaffirmed a “neutral” rating and set a $12.00 target price on shares of Rocky Brands in a report on Wednesday, April 19th. Zacks Investment Research raised Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Tuesday, April 25th. Finally, TheStreet raised Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday, July 25th.
In other news, Director Robert Burton Jr. Moore bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average price of $13.65 per share, with a total value of $68,250.00. Following the completion of the acquisition, the director now directly owns 8,099 shares of the company’s stock, valued at approximately $110,551.35. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in Rocky Brands by 36.9% in the second quarter. Acadian Asset Management LLC now owns 211,819 shares of the textile maker’s stock worth $2,848,000 after buying an additional 57,118 shares in the last quarter. Marquette Asset Management Inc. increased its stake in Rocky Brands by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 16,555 shares of the textile maker’s stock worth $223,000 after buying an additional 1,434 shares in the last quarter. North Star Investment Management Corp. increased its stake in Rocky Brands by 1.6% in the second quarter. North Star Investment Management Corp. now owns 316,524 shares of the textile maker’s stock worth $4,257,000 after buying an additional 5,000 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Rocky Brands during the first quarter worth about $122,000. Finally, Wells Fargo & Company MN increased its stake in Rocky Brands by 0.8% in the first quarter. Wells Fargo & Company MN now owns 355,164 shares of the textile maker’s stock worth $4,102,000 after buying an additional 2,991 shares in the last quarter. 51.38% of the stock is owned by institutional investors.
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Rocky Brands (NASDAQ RCKY) traded down 1.06% during midday trading on Thursday, hitting $14.05. 28,803 shares of the stock traded hands. The stock has a market cap of $104.55 million, a PE ratio of 37.87 and a beta of 0.55. Rocky Brands has a 12 month low of $9.95 and a 12 month high of $15.70. The company has a 50-day moving average of $13.20 and a 200-day moving average of $12.54.
Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.18. Rocky Brands had a return on equity of 4.03% and a net margin of 1.06%. The business had revenue of $58.46 million during the quarter, compared to the consensus estimate of $61.70 million. On average, equities research analysts anticipate that Rocky Brands will post $0.90 earnings per share for the current year.
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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