Rocky Brands, Inc. (NASDAQ:RCKY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Rocky Brands, Inc. (NASDAQ:RCKY) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $42.00.

Several research analysts have commented on the stock. Citigroup reissued a “neutral” rating on shares of Rocky Brands in a research note on Wednesday, October 29th. Robert W. Baird set a $42.00 target price on shares of Rocky Brands in a report on Wednesday, October 29th. Baird R W upgraded shares of Rocky Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. BTIG Research restated a “neutral” rating on shares of Rocky Brands in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Rocky Brands in a report on Monday.

Insider Activity at Rocky Brands

In related news, insider Curtis A. Loveland sold 2,162 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $32.39, for a total transaction of $70,027.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Byron Wortham sold 6,600 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $29.90, for a total transaction of $197,340.00. The disclosure for this sale is available in the SEC filing. Insiders sold 21,156 shares of company stock valued at $643,824 in the last quarter. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RCKY. Prudential Financial Inc. increased its position in shares of Rocky Brands by 2.9% during the second quarter. Prudential Financial Inc. now owns 28,445 shares of the textile maker’s stock valued at $631,000 after acquiring an additional 800 shares in the last quarter. First Trust Advisors LP boosted its stake in Rocky Brands by 4.2% during the 2nd quarter. First Trust Advisors LP now owns 24,086 shares of the textile maker’s stock valued at $534,000 after purchasing an additional 963 shares during the last quarter. Yarger Wealth Strategies LLC increased its holdings in shares of Rocky Brands by 9.8% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 12,917 shares of the textile maker’s stock worth $287,000 after purchasing an additional 1,150 shares in the last quarter. Crawford Investment Counsel Inc. raised its stake in shares of Rocky Brands by 0.7% in the third quarter. Crawford Investment Counsel Inc. now owns 182,142 shares of the textile maker’s stock worth $5,426,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Rocky Brands by 0.8% during the second quarter. Geode Capital Management LLC now owns 170,407 shares of the textile maker’s stock valued at $3,782,000 after purchasing an additional 1,303 shares in the last quarter. Institutional investors own 75.06% of the company’s stock.

Rocky Brands Stock Down 0.8%

RCKY opened at $30.75 on Thursday. The business’s fifty day simple moving average is $29.35 and its 200 day simple moving average is $27.15. Rocky Brands has a 52 week low of $11.93 and a 52 week high of $33.40. The company has a quick ratio of 0.88, a current ratio of 2.74 and a debt-to-equity ratio of 0.53. The stock has a market cap of $230.32 million, a PE ratio of 11.22 and a beta of 2.64.

Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings data on Tuesday, October 28th. The textile maker reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. The firm had revenue of $122.54 million during the quarter, compared to analysts’ expectations of $122.92 million. Rocky Brands had a return on equity of 11.03% and a net margin of 4.37%.

Rocky Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, December 1st. Rocky Brands’s payout ratio is 22.63%.

Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.