Shares of Rocky Brands Inc (NASDAQ:RCKY) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a one year consensus target price of $18.00 for the company and are forecasting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Rocky Brands an industry rank of 111 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently weighed in on RCKY shares. Robert W. Baird boosted their price target on Rocky Brands from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered Rocky Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a research note on Sunday.

Shares of Rocky Brands (NASDAQ:RCKY) opened at $19.65 on Thursday. Rocky Brands has a 52 week low of $10.25 and a 52 week high of $20.15. The firm has a market capitalization of $146.41, a PE ratio of 32.21 and a beta of 0.70. The company has a current ratio of 4.91, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, November 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.24%. Rocky Brands’s payout ratio is 72.13%.

Several hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new stake in Rocky Brands in the second quarter valued at approximately $164,000. Arrowstreet Capital Limited Partnership purchased a new stake in Rocky Brands in the second quarter valued at approximately $176,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Rocky Brands in the second quarter valued at approximately $176,000. Nordea Investment Management AB purchased a new stake in Rocky Brands in the second quarter valued at approximately $203,000. Finally, OxFORD Asset Management LLP purchased a new stake in Rocky Brands in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 55.93% of the company’s stock.

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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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