Rocky Brands (NASDAQ:RCKY) Announces Earnings Results

Rocky Brands (NASDAQ:RCKY) announced its earnings results on Tuesday. The textile maker reported $1.19 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.02), Zacks reports. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The business had revenue of $128.05 million for the quarter, compared to the consensus estimate of $125.44 million.

Rocky Brands Price Performance

Shares of RCKY stock opened at $23.58 on Wednesday. The firm has a market cap of $175.77 million, a price-to-earnings ratio of 13.25 and a beta of 2.10. Rocky Brands has a 12 month low of $19.65 and a 12 month high of $40.14. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $23.65 and a 200 day moving average price of $25.78.

Rocky Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.63%. The ex-dividend date is Monday, March 3rd. Rocky Brands’s dividend payout ratio is 34.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RCKY shares. StockNews.com lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Saturday, February 8th. Robert W. Baird decreased their price target on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.