Rocky Brands (NASDAQ:RCKY) Posts Earnings Results, Misses Expectations By $0.02 EPS

Rocky Brands (NASDAQ:RCKY) posted its earnings results on Tuesday. The textile maker reported $1.19 earnings per share 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%.

Rocky Brands Stock Up 1.2 %

Shares of NASDAQ RCKY traded up $0.28 during mid-day trading on Tuesday, hitting $23.58. The company had a trading volume of 29,145 shares, compared to its average volume of 35,719. Rocky Brands has a one year low of $19.65 and a one year high of $40.14. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $23.65 and a two-hundred day simple moving average of $25.81. The company has a market capitalization of $175.77 million, a PE ratio of 13.25 and a beta of 2.10.

Rocky Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, March 3rd. Rocky Brands’s dividend payout ratio is presently 34.83%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RCKY. StockNews.com downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 8th. Robert W. Baird dropped their price target on 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.