Zacks: Rocky Brands, Inc. (RCKY) Given $15.00 Consensus Target Price by Brokerages
Shares of Rocky Brands, Inc. (NASDAQ:RCKY) have earned 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 12-month consensus price objective of $15.00 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Rocky Brands an industry rank of 78 out of 265 based on the ratings given to related companies.
Several equities research analysts have commented on the stock. ValuEngine cut shares of Rocky Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Friday, October 27th. Finally, Robert W. Baird boosted their price target on shares of Rocky Brands from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th.
Shares of Rocky Brands (RCKY) opened at $18.10 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 4.91. Rocky Brands has a 52-week low of $10.25 and a 52-week high of $20.15. The company has a market cap of $133.10, a PE ratio of 18.56 and a beta of 0.70.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were issued a $0.11 dividend. The ex-dividend date was Friday, November 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.43%. Rocky Brands’s payout ratio is 72.13%.
Hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. bought a new stake in shares of Rocky Brands in the 2nd quarter valued at about $164,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Rocky Brands in the 2nd quarter valued at about $176,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Rocky Brands in the 2nd quarter valued at about $176,000. Nordea Investment Management AB bought a new stake in shares of Rocky Brands in the 2nd quarter valued at about $203,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Rocky Brands in the 2nd quarter valued at about $213,000. 55.93% of the stock is currently owned by institutional investors.
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About Rocky Brands
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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