The Rocky Brands (NASDAQ:RCKY) Getting Somewhat Favorable News Coverage, Study Shows

The Rocky Brands (NASDAQ:RCKY) Getting Somewhat Favorable News Coverage, Study Shows

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

Press coverage about Rocky Brands (NASDAQ:RCKY) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. 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 news impact score of 0.10 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.6587841648267 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of research firms have recently commented on RCKY. ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday. B. Riley reiterated a “neutral” rating and issued a $13.00 price objective on shares of Rocky Brands in a report on Monday, April 24th. TheStreet upgraded Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Rocky Brands from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $13.33.

Rocky Brands (NASDAQ RCKY) traded down 0.71% on Wednesday, hitting $14.00. The stock had a trading volume of 13,065 shares. The firm has a market cap of $104.17 million, a PE ratio of 37.74 and a beta of 0.56. Rocky Brands has a 12-month low of $9.95 and a 12-month high of $15.70. The company’s 50 day moving average is $13.20 and its 200 day moving average is $12.59.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings results on Tuesday, July 25th. The textile maker reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.18. Rocky Brands had a return on equity of 4.03% and a net margin of 1.06%. The business had revenue of $58.46 million for the quarter, compared to analysts’ expectations of $61.70 million. On average, equities research analysts expect that Rocky Brands will post $0.90 EPS for the current fiscal year.

In other Rocky Brands news, Director Robert Burton Jr. Moore purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were acquired at an average price of $13.65 per share, for a total transaction of $68,250.00. Following the completion of the purchase, the director now owns 8,099 shares in the company, valued at approximately $110,551.35. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.

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, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.

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