Shares of Rocky Brands Inc (NASDAQ:RCKY) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus target price of $19.00 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given Rocky Brands an industry rank of 74 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on RCKY shares. Zacks Investment Research upgraded shares of Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Thursday, January 4th. ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $18.00 price target on shares of Rocky Brands in a research report on Wednesday, January 3rd.
Shares of Rocky Brands (NASDAQ RCKY) opened at $20.90 on Wednesday. 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 stock has a market cap of $155.74, a P/E ratio of 16.20 and a beta of 0.43. Rocky Brands has a 1 year low of $10.40 and a 1 year high of $21.75.
Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Tuesday, February 20th. The textile maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.12. The firm had revenue of $66.99 million during the quarter, compared to the consensus estimate of $65.90 million. Rocky Brands had a net margin of 3.79% and a return on equity of 6.29%. sell-side analysts anticipate that Rocky Brands will post 1.4 EPS for the current fiscal year.
Rocky Brands announced that its board has authorized a share repurchase plan on Monday, March 5th that allows the company to repurchase $7.50 million in shares. This repurchase authorization allows the textile maker to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 27th were given a $0.11 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.11%. Rocky Brands’s payout ratio is 34.11%.
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 and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets.
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