Analysts Anticipate Rocky Brands Inc (RCKY) to Announce $0.25 EPS

Rocky Brands Inc (NASDAQ:RCKY) has earned a consensus 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 recommendation.

Brokers have set a one year consensus target price of $18.00 for the company and are forecasting 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 73 out of 265 based on the ratings given to its competitors.

Several research analysts have commented on the stock. Robert W. Baird reissued a “hold” rating and issued a $18.00 price target on shares of Rocky Brands in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Thursday, January 4th. Finally, ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

Shares of Rocky Brands (NASDAQ:RCKY) traded up $0.15 during trading hours on Friday, reaching $16.30. 8,642 shares of the company’s stock traded hands, compared to its average volume of 33,242. 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 1 year low of $10.25 and a 1 year high of $20.95. The company has a market cap of $126.82, a P/E ratio of 17.68 and a beta of 0.53.

Several hedge funds and other institutional investors have recently bought and sold shares of RCKY. Ameriprise Financial Inc. purchased a new position in Rocky Brands in the 2nd quarter worth $164,000. Raymond James Financial Services Advisors Inc. purchased a new position in Rocky Brands in the 2nd quarter worth $176,000. Arrowstreet Capital Limited Partnership purchased a new position in Rocky Brands in the 2nd quarter worth $176,000. Nordea Investment Management AB purchased a new position in Rocky Brands in the 2nd quarter worth $203,000. Finally, OxFORD Asset Management LLP purchased a new position in Rocky Brands in the 2nd quarter worth $213,000. 58.97% of the stock is 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 and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets.

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