Rocky Brands, Inc. (RCKY) Scheduled to Post Earnings on Monday
Rocky Brands, Inc. (NASDAQ:RCKY) is scheduled to be posting its quarterly earnings results on Monday, October 23rd. Analysts expect Rocky Brands to post earnings of $0.42 per share for the quarter.
Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Tuesday, July 25th. The textile maker reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.18. Rocky Brands had a net margin of 1.06% and a return on equity of 4.02%. The business had revenue of $58.46 million for the quarter, compared to analysts’ expectations of $61.70 million. On average, analysts expect Rocky Brands to post $0.90 EPS for the current fiscal year and $0.97 EPS for the next fiscal year.
Shares of Rocky Brands, Inc. (NASDAQ RCKY) opened at 14.45 on Monday. Rocky Brands, Inc. has a 12-month low of $9.95 and a 12-month high of $15.70. The company has a 50 day moving average of $13.68 and a 200-day moving average of $13.45. The firm has a market cap of $107.59 million, a PE ratio of 38.95 and a beta of 0.59.
In other Rocky Brands news, Director Robert Burton Jr. Moore purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $13.80 per share, with a total value of $69,000.00. Following the completion of the acquisition, the director now directly owns 13,619 shares of the company’s stock, valued at approximately $187,942.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.50% of the company’s stock.
An institutional investor recently raised its position in Rocky Brands stock. Northern Trust Corp lifted its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 20.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,996 shares of the textile maker’s stock after buying an additional 4,643 shares during the quarter. Northern Trust Corp owned about 0.36% of Rocky Brands worth $363,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 56.93% of the company’s stock.
RCKY has been the topic of several recent analyst reports. TheStreet upgraded shares of Rocky Brands from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, July 28th. Finally, Robert W. Baird restated a “hold” rating and issued a $13.00 target price on shares of Rocky Brands in a research note on Sunday, September 3rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.00.
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Rocky Brands Company Profile
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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