News stories about Rocky Brands (NASDAQ:RCKY) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rocky Brands earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 46.1375741327003 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Rocky Brands (NASDAQ:RCKY) traded up $0.10 during trading hours on Wednesday, hitting $21.00. 16,835 shares of the stock traded hands, compared to its average volume of 36,383. Rocky Brands has a 1-year low of $10.40 and a 1-year high of $21.75. The company has a quick ratio of 1.95, a current ratio of 4.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $157.11, a P/E ratio of 16.05 and a beta of 0.43.
Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings data on Tuesday, February 20th. The textile maker reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.12. Rocky Brands had a net margin of 3.79% and a return on equity of 6.29%. The business had revenue of $66.99 million during the quarter, compared to the consensus estimate of $65.90 million. research analysts forecast that Rocky Brands will post 1.4 earnings per share for the current fiscal year.
Rocky Brands declared that its board has initiated a share repurchase plan on Monday, March 5th that allows the company to buyback $7.50 million in shares. This buyback authorization allows the textile maker to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.
RCKY has been the subject of several research reports. ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird reiterated a “hold” rating and set a $18.00 price objective on shares of Rocky Brands in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of Rocky Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Two investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $18.33.
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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