Rocky Brands (RCKY) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rocky Brands in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RCKY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RCKY, but not buy additional shares or sell existing shares.
View RCKY analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1 year price objectives for Rocky Brands' stock. Their RCKY share price forecasts range from $25.00 to $62.00. On average, they predict the company's share price to reach $39.67 in the next year. This suggests a possible upside of 105.0% from the stock's current price.
View analysts price targets for RCKY or view top-rated stocks among Wall Street analysts.

Rocky Brands' stock was trading at $23.62 at the beginning of 2023. Since then, RCKY shares have decreased by 18.1% and is now trading at $19.35.
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Rocky Brands saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 162,300 shares, a drop of 25.8% from the April 30th total of 218,700 shares. Based on an average daily trading volume, of 35,100 shares, the short-interest ratio is presently 4.6 days. Approximately 2.4% of the shares of the company are short sold.
View Rocky Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our RCKY earnings forecast.

Rocky Brands, Inc. (NASDAQ:RCKY) posted its quarterly earnings data on Monday, November, 1st. The textile maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $1.44 by $1.10. The textile maker had revenue of $125.51 million for the quarter, compared to analysts' expectations of $154.93 million. Rocky Brands had a trailing twelve-month return on equity of 7.15% and a net margin of 2.28%. During the same quarter last year, the firm earned $1.04 earnings per share.

Rocky Brands announced a quarterly dividend on Wednesday, May 17th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.155 per share on Thursday, June 15th. This represents a $0.62 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for RCKY.

Rocky Brands (NASDAQ:RCKY) pays an annual dividend of $0.62 per share and currently has a dividend yield of 3.20%. The dividend payout ratio is 35.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCKY will have a dividend payout ratio of 16.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RCKY.

3 employees have rated Rocky Brands Chief Executive Officer Jason Brooks on Glassdoor.com. Jason Brooks has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rocky Brands investors own include NVIDIA (NVDA), Overstock.com (OSTK), Visa (V), Activision Blizzard (ATVI), Mastercard (MA), Boeing (BA), Alibaba Group (BABA), Salesforce (CRM), Southwest Airlines (LUV) and Sorrento Therapeutics (SRNE).

Rocky Brands trades on the NASDAQ under the ticker symbol "RCKY."

Rocky Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (14.25%), Dimensional Fund Advisors LP (7.89%), BlackRock Inc. (5.94%), Royce & Associates LP (3.03%), LSV Asset Management (2.67%) and North Star Investment Management Corp. (2.52%). Insiders that own company stock include Christopher M Lowery, G Courtney Haning, Glen E Corlett, James L Stewart, Mike Brooks, Robert Burton Jr Moore and Thomas D Robertson.
View institutional ownership trends.

Shares of RCKY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RCKY stock can currently be purchased for approximately $19.35.

Rocky Brands (NASDAQ:RCKY) has a market capitalization of $142.22 million and generates $615.47 million in revenue each year. The textile maker earns $20.47 million in net income (profit) each year or $1.73 on an earnings per share basis.

The company employs 2,500 workers across the globe.

Rocky Brands' mailing address is 39 EAST CANAL STREET, NELSONVILLE OH, 45764. The official website for the company is www.rockybrands.com. The textile maker can be reached via phone at (740) 753-1951 or via fax at 740-753-4024.