Brokerages Anticipate Rocky Brands Inc. (RCKY) to Announce $0.17 EPS
Rocky Brands Inc. (NASDAQ:RCKY) has been given a consensus broker rating score of 0.00 () from the zero brokers that provide coverage for the company, Zacks Investment Research reports.
Several brokerages have weighed in on RCKY. B. Riley reiterated a “buy” rating and issued a $14.00 target price on shares of Rocky Brands in a report on Wednesday, July 27th. Zacks Investment Research upgraded Rocky Brands from a “strong sell” rating to a “hold” rating and set a $12.00 target price for the company in a report on Thursday, September 29th. Finally, Robert W. Baird upped their target price on Rocky Brands from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th.
In other Rocky Brands news, Director Glen E. Corlett purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was bought at an average cost of $10.70 per share, for a total transaction of $53,500.00. Following the completion of the purchase, the director now owns 23,692 shares in the company, valued at approximately $253,504.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis A. Loveland purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was acquired at an average price of $10.30 per share, with a total value of $25,750.00. Following the completion of the purchase, the insider now owns 80,153 shares of the company’s stock, valued at approximately $825,575.90. The disclosure for this purchase can be found here. Corporate insiders own 8.90% of the company’s stock.
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Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in Rocky Brands by 0.4% in the second quarter. GSA Capital Partners LLP now owns 58,352 shares of the company’s stock worth $666,000 after buying an additional 229 shares during the period. North Star Investment Management Corp. boosted its stake in Rocky Brands by 1.8% in the third quarter. North Star Investment Management Corp. now owns 280,599 shares of the company’s stock worth $2,966,000 after buying an additional 5,000 shares during the period. Nationwide Fund Advisors boosted its stake in Rocky Brands by 377.8% in the second quarter. Nationwide Fund Advisors now owns 9,232 shares of the company’s stock worth $105,000 after buying an additional 7,300 shares during the period. Eagle Global Advisors LLC acquired a new stake in Rocky Brands during the second quarter worth approximately $118,000. Finally, TFS Capital LLC acquired a new stake in Rocky Brands during the second quarter worth approximately $135,000. Institutional investors own 49.19% of the company’s stock.
Rocky Brands (NASDAQ:RCKY) traded down 0.24% during midday trading on Tuesday, hitting $10.20. The company’s stock had a trading volume of 8,575 shares. The company has a market cap of $76.34 million, a price-to-earnings ratio of 63.35 and a beta of 0.87. The company’s 50-day moving average is $10.43 and its 200 day moving average is $11.33. Rocky Brands has a one year low of $9.67 and a one year high of $16.00.
Rocky Brands (NASDAQ:RCKY) last issued its earnings results on Thursday, July 28th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.47. Rocky Brands had a return on equity of 0.88% and a net margin of 0.48%. The firm earned $62.60 million during the quarter, compared to analysts’ expectations of $72.42 million. On average, analysts predict that Rocky Brands will post $0.24 EPS for the current year.
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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