Rocky Brands (RCKY) Earns Coverage Optimism Rating of -0.03
News headlines about Rocky Brands (NASDAQ:RCKY) have been trending somewhat negative recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rocky Brands earned a coverage optimism score of -0.03 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 45.001389503179 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Rocky Brands stock traded down $0.10 during trading on Monday, hitting $30.05. The company had a trading volume of 38,447 shares, compared to its average volume of 47,256. Rocky Brands has a 1-year low of $12.80 and a 1-year high of $33.45. The company has a market capitalization of $223.47 million, a PE ratio of 25.91 and a beta of 0.16.
Rocky Brands (NASDAQ:RCKY) last posted its earnings results on Tuesday, July 31st. The textile maker reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.14. Rocky Brands had a net margin of 4.99% and a return on equity of 8.12%. The firm had revenue of $58.21 million during the quarter, compared to the consensus estimate of $55.40 million. research analysts predict that Rocky Brands will post 1.7 earnings per share for the current year.
Several analysts recently weighed in on RCKY shares. ValuEngine downgraded shares of Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research downgraded shares of Rocky Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th.
In other Rocky Brands news, Chairman Mike Brooks sold 5,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $30.25, for a total value of $151,250.00. Following the completion of the transaction, the chairman now owns 310,172 shares in the company, valued at $9,382,703. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard Simms sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $29.08, for a total transaction of $116,320.00. Following the completion of the transaction, the insider now owns 6,246 shares of the company’s stock, valued at approximately $181,633.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,620 shares of company stock valued at $712,661. Insiders own 9.40% of the company’s stock.
About Rocky Brands
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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