Shares of Rocky Brands Inc (NASDAQ:RCKY) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokers have set a 1 year consensus price target of $19.00 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given Rocky Brands an industry rank of 61 out of 265 based on the ratings given to its competitors.
Several analysts recently weighed in on RCKY shares. ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Robert W. Baird reiterated a “hold” rating and issued a $18.00 target price on shares of Rocky Brands in a report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of Rocky Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Tuesday, February 27th will be paid a $0.11 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.44 annualized dividend and a dividend yield of 2.38%. Rocky Brands’s dividend payout ratio (DPR) is 34.11%.
Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Rocky Brands by 0.6% in the second quarter. Vanguard Group Inc. now owns 299,488 shares of the textile maker’s stock worth $4,029,000 after acquiring an additional 1,679 shares in the last quarter. Northern Trust Corp increased its position in shares of Rocky Brands by 20.8% in the second quarter. Northern Trust Corp now owns 26,996 shares of the textile maker’s stock worth $363,000 after acquiring an additional 4,643 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Rocky Brands by 15.4% in the fourth quarter. Macquarie Group Ltd. now owns 40,653 shares of the textile maker’s stock worth $768,000 after acquiring an additional 5,424 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Rocky Brands in the second quarter worth approximately $164,000. Finally, JPMorgan Chase & Co. increased its position in shares of Rocky Brands by 68.8% in the third quarter. JPMorgan Chase & Co. now owns 31,793 shares of the textile maker’s stock worth $416,000 after acquiring an additional 12,958 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.
Rocky Brands Company Profile
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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