Shares of Rocky Brands Inc (NASDAQ:RCKY) have received 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.

Analysts have set a 1-year consensus target price of $18.00 for the company and are expecting 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 92 out of 265 based on the ratings given to its competitors.

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Several research firms recently issued reports on RCKY. Zacks Investment Research upgraded Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Thursday. Robert W. Baird reiterated a “hold” rating and issued a $18.00 price objective on shares of Rocky Brands in a report on Wednesday. Finally, ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

Rocky Brands (NASDAQ RCKY) traded up $1.25 during trading hours on Thursday, hitting $20.65. The stock had a trading volume of 76,529 shares, compared to its average volume of 26,797. Rocky Brands has a 52-week low of $10.25 and a 52-week high of $20.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.91 and a quick ratio of 1.95. The firm has a market cap of $152.70, a PE ratio of 21.29 and a beta of 0.70.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 27th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, November 24th. Rocky Brands’s dividend payout ratio (DPR) is 72.13%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Rocky Brands by 332.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,835 shares of the textile maker’s stock valued at $253,000 after buying an additional 14,478 shares during the period. Franklin Resources Inc. raised its position in shares of Rocky Brands by 17.2% during the 2nd quarter. Franklin Resources Inc. now owns 200,000 shares of the textile maker’s stock valued at $2,690,000 after buying an additional 29,400 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Rocky Brands during the 2nd quarter valued at approximately $164,000. Nationwide Fund Advisors raised its position in shares of Rocky Brands by 368.4% during the 2nd quarter. Nationwide Fund Advisors now owns 42,308 shares of the textile maker’s stock valued at $569,000 after buying an additional 33,276 shares during the period. Finally, Northern Trust Corp raised its position in shares of Rocky Brands by 20.8% during the 2nd quarter. Northern Trust Corp now owns 26,996 shares of the textile maker’s stock valued at $363,000 after buying an additional 4,643 shares during the period. 55.93% of the stock is currently owned by institutional investors and hedge funds.

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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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