Media headlines about Rocky Brands (NASDAQ:RCKY) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rocky Brands earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 45.7519335445446 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Rocky Brands (RCKY) and Caleres (CAL) Head-To-Head Analysis (americanbankingnews.com)
- Rocky Brands Inc (RCKY) Director Sells $36,000.00 in Stock (americanbankingnews.com)
- Critical Comparison: Rocky Brands (RCKY) and Michael Kors (KORS) (americanbankingnews.com)
- Economic Optimism Outweighs Political Risk: Top 5 Winners (finance.yahoo.com)
- Rocky Brands (RCKY) & Iconix Brand Group (ICON) Financial Comparison (americanbankingnews.com)
A number of research analysts recently commented on RCKY shares. ValuEngine cut Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Robert W. Baird restated a “hold” rating and set a $18.00 price target on shares of Rocky Brands in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research cut 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. Rocky Brands has a consensus rating of “Buy” and an average price target of $18.33.
Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings results on Tuesday, February 20th. The textile maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. Rocky Brands had a return on equity of 6.24% and a net margin of 3.79%. The company had revenue of $66.99 million for the quarter, compared to analysts’ expectations of $65.90 million. sell-side analysts predict that Rocky Brands will post 1.4 EPS for the current fiscal year.
Rocky Brands announced that its board has authorized a share repurchase program on Monday, March 5th that authorizes the company to buyback $7.50 million in outstanding shares. This buyback authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Monday, February 26th. Rocky Brands’s dividend payout ratio (DPR) is 34.11%.
In other news, Director James L. Stewart sold 2,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the sale, the director now owns 27,663 shares of the company’s stock, valued at $497,934. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.
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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