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

Brokerages have set a twelve-month consensus price objective of $21.00 for the company and are anticipating that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Rocky Brands an industry rank of 237 out of 254 based on the ratings given to related companies.

RCKY has been the subject of several recent research reports. ValuEngine downgraded Rocky Brands from a “hold” rating to a “sell” rating in a report on Wednesday, April 1st. Zacks Investment Research downgraded Rocky Brands from a “buy” rating to a “hold” rating in a report on Thursday, April 30th.

A number of institutional investors have recently made changes to their positions in RCKY. Citigroup Inc. raised its holdings in Rocky Brands by 49.2% in the first quarter. Citigroup Inc. now owns 2,074 shares of the textile maker’s stock worth $40,000 after purchasing an additional 684 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Rocky Brands by 329.2% in the 4th quarter. Meeder Asset Management Inc. now owns 2,116 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 1,623 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rocky Brands in the 1st quarter valued at $217,000. Barclays PLC raised its stake in Rocky Brands by 110.2% in the 4th quarter. Barclays PLC now owns 7,405 shares of the textile maker’s stock valued at $218,000 after purchasing an additional 3,882 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its stake in Rocky Brands by 450.4% in the 4th quarter. Marshall Wace North America L.P. now owns 7,595 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 6,215 shares during the last quarter. Institutional investors and hedge funds own 72.25% of the company’s stock.

Shares of RCKY stock traded down $0.82 on Friday, hitting $18.91. The stock had a trading volume of 320 shares, compared to its average volume of 33,682. The company has a quick ratio of 2.96, a current ratio of 5.68 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $20.21 and a 200 day moving average price of $23.25. The company has a market cap of $145.15 million, a PE ratio of 9.43 and a beta of 0.59. Rocky Brands has a one year low of $14.96 and a one year high of $34.14.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Tuesday, April 28th. The textile maker reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). The firm had revenue of $55.72 million during the quarter, compared to the consensus estimate of $66.30 million. Rocky Brands had a net margin of 5.78% and a return on equity of 9.42%. Equities research analysts expect that Rocky Brands will post 1.16 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.96%. Rocky Brands’s dividend payout ratio is presently 24.67%.

Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.

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