Rocky Brands Inc (NASDAQ:RCKY) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Analysts have set a 12 month consensus price target of $18.00 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Rocky Brands an industry rank of 105 out of 265 based on the ratings given to related companies.
Several analysts have recently weighed in on RCKY shares. Zacks Investment Research lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Robert W. Baird reissued a “hold” rating and set a $18.00 price target on shares of Rocky Brands in a report on Wednesday, January 3rd. Finally, ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings data on Tuesday, October 24th. The textile maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Rocky Brands had a net margin of 1.80% and a return on equity of 5.24%. equities analysts expect that Rocky Brands will post 0.95 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. bought a new stake in shares of Rocky Brands during the second quarter worth approximately $164,000. Raymond James Financial Services Advisors Inc. acquired a new position in Rocky Brands during the second quarter valued at approximately $176,000. Arrowstreet Capital Limited Partnership acquired a new position in Rocky Brands during the second quarter valued at approximately $176,000. Nordea Investment Management AB acquired a new position in Rocky Brands during the second quarter valued at approximately $203,000. Finally, OxFORD Asset Management LLP acquired a new position in Rocky Brands during the second quarter valued at approximately $213,000. 55.93% of the stock is owned by institutional investors.
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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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