Rocky Brands Inc (NASDAQ:RCKY) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus target price of $31.00 for the company and are forecasting that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also given Rocky Brands an industry rank of 67 out of 256 based on the ratings given to related companies.

A number of research firms have commented on RCKY. Zacks Investment Research cut ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th.

In other Rocky Brands news, Director James L. Stewart sold 2,500 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $30.17, for a total value of $75,425.00. Following the completion of the sale, the director now directly owns 11,508 shares in the company, valued at $347,196.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in RCKY. BNP Paribas Arbitrage SA raised its stake in Rocky Brands by 502.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,422 shares of the textile maker’s stock valued at $34,000 after buying an additional 1,186 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Rocky Brands in the first quarter worth about $105,000. Rhumbline Advisers purchased a new position in shares of Rocky Brands in the fourth quarter worth about $242,000. First Trust Advisors LP raised its stake in shares of Rocky Brands by 18.8% in the fourth quarter. First Trust Advisors LP now owns 12,174 shares of the textile maker’s stock worth $317,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Rocky Brands in the fourth quarter worth about $349,000. Institutional investors own 72.04% of the company’s stock.

Shares of NASDAQ RCKY traded up $0.24 during mid-day trading on Friday, reaching $31.05. 49,975 shares of the company were exchanged, compared to its average volume of 34,448. The firm has a market capitalization of $229.58 million, a PE ratio of 16.52 and a beta of 0.46. Rocky Brands has a 1 year low of $22.44 and a 1 year high of $33.45. The business has a 50-day simple moving average of $27.40.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Rocky Brands had a return on equity of 9.76% and a net margin of 5.91%. The company had revenue of $61.96 million during the quarter, compared to analysts’ expectations of $60.40 million. On average, analysts predict that Rocky Brands will post 2.06 EPS for the current year.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.

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