Rocky Brands (NASDAQ:RCKY) Earns Daily News Impact Rating of 0.11
Press coverage about Rocky Brands (NASDAQ:RCKY) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rocky Brands earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 46.5003964322646 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts have recently weighed in on RCKY shares. Zacks Investment Research upgraded Rocky Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. B. Riley restated a “neutral” rating and issued a $12.00 price objective on shares of Rocky Brands in a report on Wednesday, April 19th. TheStreet upgraded Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Finally, ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $13.33.
Shares of Rocky Brands (RCKY) traded down 1.77% during mid-day trading on Tuesday, hitting $13.85. The stock had a trading volume of 38,525 shares. The firm’s 50-day moving average price is $13.20 and its 200 day moving average price is $12.59. Rocky Brands has a 12-month low of $9.95 and a 12-month high of $15.70. The stock has a market cap of $103.06 million, a price-to-earnings ratio of 37.33 and a beta of 0.56.
Rocky Brands (NASDAQ:RCKY) last released its earnings results on Tuesday, July 25th. The textile maker reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.18. The company had revenue of $58.46 million during the quarter, compared to analysts’ expectations of $61.70 million. Rocky Brands had a return on equity of 4.03% and a net margin of 1.06%. Equities analysts forecast that Rocky Brands will post $0.90 EPS for the current fiscal year.
In related news, Director Robert Burton Jr. Moore purchased 5,000 shares of Rocky Brands stock in a transaction dated Monday, May 22nd. The shares were acquired at an average cost of $13.65 per share, for a total transaction of $68,250.00. Following the transaction, the director now directly owns 8,099 shares of the company’s stock, valued at $110,551.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.50% of the stock is owned by company insiders.
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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