Somewhat Positive News Coverage Somewhat Unlikely to Impact Rocky Brands (RCKY) Stock Price
News coverage about Rocky Brands (NASDAQ:RCKY) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. 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 media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 46.571633764698 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Rocky Brands (NASDAQ:RCKY) traded down 0.71% during midday trading on Monday, hitting $13.95. The stock had a trading volume of 5,704 shares. The company’s 50 day moving average price is $13.26 and its 200-day moving average price is $12.68. The stock has a market cap of $103.80 million, a PE ratio of 37.60 and a beta of 0.56. Rocky Brands has a 52-week low of $9.95 and a 52-week high of $15.70.
Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.18. Rocky Brands had a return on equity of 4.03% and a net margin of 1.06%. The firm had revenue of $58.46 million for the quarter, compared to the consensus estimate of $61.70 million. Analysts forecast that Rocky Brands will post $0.90 EPS for the current fiscal year.
RCKY has been the topic of several recent research reports. Zacks Investment Research raised Rocky Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. B. Riley reissued a “neutral” rating and issued a $12.00 target price on shares of Rocky Brands in a research note on Wednesday, April 19th. TheStreet raised Rocky Brands from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised Rocky Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Rocky Brands currently has an average rating of “Buy” and a consensus price target of $13.33.
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In other news, Director Robert Burton Jr. Moore purchased 5,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were acquired at an average price of $13.65 per share, for a total transaction of $68,250.00. Following the purchase, the director now owns 8,099 shares in the company, valued at $110,551.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 8.50% of the stock is currently owned by insiders.
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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