News stories about Rocky Brands (NASDAQ:RCKY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rocky Brands earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 45.5743845275902 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research analysts have commented on RCKY shares. Robert W. Baird restated a “hold” rating and issued a $13.00 price objective on shares of Rocky Brands in a research note on Sunday, September 3rd. ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, July 28th. Finally, TheStreet upgraded shares of Rocky Brands from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Rocky Brands has a consensus rating of “Buy” and an average price target of $14.00.
Shares of Rocky Brands (NASDAQ:RCKY) traded up 2.24% on Wednesday, hitting $13.70. 10,959 shares of the stock were exchanged. The firm’s 50 day moving average price is $13.64 and its 200 day moving average price is $12.95. Rocky Brands has a one year low of $9.95 and a one year high of $15.70. The firm has a market cap of $102.01 million, a price-to-earnings ratio of 36.93 and a beta of 0.58.
Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.18. Rocky Brands had a net margin of 1.06% and a return on equity of 4.02%. The company had revenue of $58.46 million for the quarter, compared to the consensus estimate of $61.70 million. Equities analysts anticipate that Rocky Brands will post $0.90 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Tuesday, August 29th were given a $0.11 dividend. The ex-dividend date was Friday, August 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.28%. Rocky Brands’s payout ratio is currently 118.92%.
In other news, Director Robert Burton Jr. Moore acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of $13.80 per share, with a total value of $69,000.00. Following the acquisition, the director now directly owns 13,619 shares in the company, valued at $187,942.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.50% of the stock is owned by company insiders.
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Rocky Brands Company Profile
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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