News articles about Rocky Brands (NASDAQ:RCKY) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rocky Brands earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 46.1375741327003 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of RCKY stock opened at $22.40 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.68 and a current ratio of 5.95. The company has a market cap of $156.37, a price-to-earnings ratio of 19.31 and a beta of 0.33. Rocky Brands has a 52 week low of $10.70 and a 52 week high of $22.50.
Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, February 20th. The textile maker reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. The firm had revenue of $66.99 million for the quarter, compared to the consensus estimate of $65.90 million. Rocky Brands had a net margin of 3.79% and a return on equity of 6.24%. analysts forecast that Rocky Brands will post 1.4 EPS for the current year.
Rocky Brands declared that its Board of Directors has authorized a stock repurchase program on Monday, March 5th that allows the company to buyback $7.50 million in shares. This buyback authorization allows the textile maker to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.
A number of analysts recently weighed in on the stock. Robert W. Baird reiterated a “hold” rating and issued a $18.00 price target on shares of Rocky Brands in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of Rocky Brands from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.33.
In other news, Director James L. Stewart sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the transaction, the director now directly owns 27,663 shares of the company’s stock, valued at approximately $497,934. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is owned by company insiders.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Rocky Brands (NASDAQ:RCKY) Stock Price” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://baseballnewssource.com/2018/04/06/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-rocky-brands-rcky-stock-price/2029898.html.
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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