Rocky Brands (NASDAQ:RCKY) is scheduled to announce its earnings results on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
Rocky Brands (NASDAQ:RCKY) last posted its earnings results on Tuesday, February 20th. The textile maker reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.12. The company had revenue of $66.99 million for the quarter, compared to analyst estimates of $65.90 million. Rocky Brands had a net margin of 3.79% and a return on equity of 6.24%. On average, analysts expect Rocky Brands to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
RCKY traded up $0.05 during mid-day trading on Thursday, hitting $21.90. The stock had a trading volume of 26,609 shares, compared to its average volume of 37,908. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.68 and a current ratio of 5.95. The firm has a market cap of $157.40, a PE ratio of 18.88 and a beta of 0.33. Rocky Brands has a 1-year low of $10.75 and a 1-year high of $22.80.
In other Rocky Brands news, Director James L. Stewart sold 2,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the sale, the director now directly owns 27,663 shares in the company, valued at $497,934. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.50% of the company’s stock.
An institutional investor recently raised its position in Rocky Brands stock. Northern Trust Corp lifted its stake in shares of Rocky Brands Inc (NASDAQ:RCKY) by 20.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,996 shares of the textile maker’s stock after acquiring an additional 4,643 shares during the period. Northern Trust Corp owned approximately 0.36% of Rocky Brands worth $363,000 at the end of the most recent quarter. Institutional investors and hedge funds own 58.77% of the company’s stock.
Several equities research analysts have weighed in on RCKY shares. ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Rocky Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $19.00 target price on shares of Rocky Brands in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.33.
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 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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