Media coverage about Rocky Brands (NASDAQ:RCKY) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rocky Brands earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 45.7519335445446 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Rocky Brands (RCKY) traded down $0.05 during trading on Wednesday, hitting $20.85. The company had a trading volume of 17,035 shares, compared to its average volume of 36,449. 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 $157.11, a P/E ratio of 16.05 and a beta of 0.43. Rocky Brands has a 1 year low of $10.40 and a 1 year high of $21.75.
Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Tuesday, February 20th. The textile maker reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.12. The company had revenue of $66.99 million during the quarter, compared to the consensus estimate of $65.90 million. Rocky Brands had a return on equity of 6.29% and a net margin of 3.79%. equities research analysts expect that Rocky Brands will post 1.4 earnings per share for the current fiscal year.
Rocky Brands announced that its board has approved a share repurchase program on Monday, March 5th that permits the company to buyback $7.50 million in shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several equities analysts recently issued reports on the company. Robert W. Baird restated a “hold” rating and issued a $19.00 price target on shares of Rocky Brands in a research report on Friday, February 23rd. ValuEngine lowered Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered Rocky Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.33.
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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 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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