Wall Street analysts expect Rocky Brands, Inc. (NASDAQ:RCKY) to announce $62.29 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Rocky Brands’ earnings, with the highest sales estimate coming in at $62.88 million and the lowest estimate coming in at $61.70 million. Rocky Brands posted sales of $62.56 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The company is scheduled to issue its next earnings results on Thursday, July 27th.

On average, analysts expect that Rocky Brands will report full year sales of $62.29 million for the current fiscal year, with estimates ranging from $266.40 million to $267.52 million. For the next financial year, analysts anticipate that the business will report sales of $273.93 million per share, with estimates ranging from $270.05 million to $277.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Rocky Brands.

A number of analysts have commented on RCKY shares. Zacks Investment Research raised shares of Rocky Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. B. Riley reissued a “neutral” rating and issued a $12.00 price target on shares of Rocky Brands in a research report on Wednesday, April 19th.

ILLEGAL ACTIVITY WARNING: “Analysts Expect Rocky Brands, Inc. (RCKY) Will Announce Quarterly Sales of $62.29 Million” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/07/06/analysts-expect-rocky-brands-inc-rcky-will-announce-quarterly-sales-of-62-29-million-2.html.

In related news, Director Robert Burton Jr. Moore purchased 5,000 shares of the stock in a transaction on Monday, May 22nd. The shares were bought at an average price of $13.65 per share, for a total transaction of $68,250.00. Following the completion of the acquisition, the director now directly owns 8,099 shares in the company, valued at approximately $110,551.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in RCKY. Two Sigma Securities LLC bought a new stake in shares of Rocky Brands during the first quarter valued at about $122,000. Marquette Asset Management Inc. bought a new stake in shares of Rocky Brands during the first quarter valued at about $175,000. Wedge Capital Management L L P NC increased its stake in shares of 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 during the last quarter. ICM Asset Management Inc. WA increased its stake in shares of 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 during the last quarter. Finally, Algert Global LLC increased its stake in shares of 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 during the last quarter. Institutional investors own 51.61% of the company’s stock.

Rocky Brands (NASDAQ RCKY) traded up 0.195% during trading on Thursday, hitting $12.875. 19,122 shares of the stock were exchanged. The stock’s 50-day moving average price is $13.92 and its 200-day moving average price is $12.32. Rocky Brands has a 12-month low of $9.95 and a 12-month high of $15.70. The firm’s market cap is $95.79 million.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 30th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.42%. The ex-dividend date was Thursday, May 25th. Rocky Brands’s payout ratio is presently -733.21%.

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.

Get a free copy of the Zacks research report on Rocky Brands (RCKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rocky Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.