Analysts See $0.29 EPS for Rocky Brands Inc (RCKY)

September 25, 2017 - By Nellie Frank

 Analysts See $0.29 EPS for Rocky Brands Inc (RCKY)
Investors sentiment increased to 2.54 in 2017 Q2. Its up 1.16, from 1.38 in 2017Q1. It increased, as 1 investors sold Rocky Brands Inc shares while 12 reduced holdings. 18 funds opened positions while 15 raised stakes. 4.05 million shares or 13.72% more from 3.56 million shares in 2017Q1 were reported.
Panagora Asset Mngmt Incorporated reported 2,238 shares. North Star Invest Mngmt Corp holds 316,524 shares or 0.57% of its portfolio. California Public Employees Retirement Systems stated it has 49,297 shares. Acadian Asset Management Limited holds 0.01% or 211,819 shares in its portfolio. Royal Bancorp Of Canada reported 0% of its portfolio in Rocky Brands Inc (NASDAQ:RCKY). Jacobs Levy Equity Mngmt has invested 0% of its portfolio in Rocky Brands Inc (NASDAQ:RCKY). 303,638 were accumulated by Lsv Asset Management. National Bank & Trust Of Ny Mellon Corp, a New York-based fund reported 16,896 shares. Tower Rech Cap Ltd Liability (Trc) invested in 0.01% or 5,439 shares. 299,488 are owned by Vanguard Gru Inc. Moreover, Marquette Asset has 0.09% invested in Rocky Brands Inc (NASDAQ:RCKY). Tfs Capital Ltd Llc invested in 17,492 shares or 0.09% of the stock. Nordea Invest Management Ab invested 0% in Rocky Brands Inc (NASDAQ:RCKY). Morgan Stanley accumulated 50,291 shares. Arrowstreet Cap Partnership holds 13,100 shares or 0% of its portfolio.

Since May 22, 2017, it had 1 insider purchase, and 0 insider sales for $68,250 activity.

Analysts await Rocky Brands Inc (NASDAQ:RCKY) to report earnings on October, 24. They expect $0.29 earnings per share, up 81.25 % or $0.13 from last year’s $0.16 per share. RCKY’s profit will be $2.16M for 11.90 P/E if the $0.29 EPS becomes a reality. After $0.20 actual earnings per share reported by Rocky Brands Inc for the previous quarter, Wall Street now forecasts 45.00 % EPS growth. The stock decreased 0.36% or $0.05 on September 22, reaching $13.8. About 20,760 shares traded or 0.50% up from the average. Rocky Brands Inc (NASDAQ:RCKY) has risen 28.36% since September 25, 2016 and is uptrending. It has outperformed by 11.66% the S&P500.

Rocky Brands Inc (NASDAQ:RCKY) Ratings Coverage

Among 2 analysts covering Rocky Brands Inc (NASDAQ:RCKY), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Rocky Brands Inc had 7 analyst reports since September 21, 2015 according to SRatingsIntel. On Thursday, October 22 the stock rating was maintained by B. Riley & Co with “Buy”. As per Friday, January 22, the company rating was downgraded by Robert W. Baird. The firm earned “Neutral” rating on Monday, September 21 by B. Riley & Co. B. Riley & Co upgraded the shares of RCKY in report on Wednesday, March 2 to “Buy” rating. The stock of Rocky Brands Inc (NASDAQ:RCKY) has “Neutral” rating given on Tuesday, October 25 by B. Riley & Co. Robert W. Baird maintained it with “Hold” rating and $13.0 target in Friday, September 1 report. The stock has “Neutral” rating by B. Riley & Co on Thursday, February 2.

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 has market cap of $102.75 million. The Firm operates its business through three divisions: wholesale, retail and military. It has a 37.18 P/E ratio. 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.

More notable recent Rocky Brands Inc (NASDAQ:RCKY) news were published by: Bizjournals.com which released: “Rocky Brands to shutter LA office, fold upscale shoe operations into …” on July 26, 2017, also Businesswire.com with their article: “Rocky Brands, Inc. Announces Fourth Quarter and Fiscal 2016 Results” published on February 16, 2017, Seekingalpha.com published: “Rocky Brands’ (RCKY) CEO Mike Brooks on Q1 2017 Results – Earnings Call Transcript” on April 21, 2017. More interesting news about Rocky Brands Inc (NASDAQ:RCKY) were released by: Footwearnews.com and their article: “Meet the Fourth-Generation Executive Who Is Directing Rocky Brands’ Future” published on April 11, 2017 as well as Businesswire.com‘s news article titled: “Rocky Brands, Inc. Announces Appointment of Mike Brooks as Chief Executive Officer” with publication date: December 16, 2016.

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