Rocky Brands Inc. (NASDAQ:RCKY) announced its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. The firm earned $62.60 million during the quarter, compared to analysts’ expectations of $72.42 million.
A number of research analysts have recently issued reports on RCKY shares. Robert W. Baird reaffirmed a “hold” rating on shares of Rocky Brands in a research note on Monday, May 16th. Zacks Investment Research raised Rocky Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Finally, B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of Rocky Brands in a research note on Monday, April 25th.
Rocky Brands (NASDAQ:RCKY) traded down 1.74% during mid-day trading on Thursday, hitting $11.86. The company had a trading volume of 38,695 shares. Rocky Brands has a 1-year low of $9.67 and a 1-year high of $19.80. The stock has a market capitalization of $89.98 million and a PE ratio of 18.25. The stock has a 50 day moving average price of $11.72 and a 200-day moving average price of $11.75.
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.
