Rocky Brands (RCKY) Receiving Somewhat Favorable News Coverage, Accern Reports

News headlines about Rocky Brands (NASDAQ:RCKY) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rocky Brands earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 46.1952867971014 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Rocky Brands (NASDAQ:RCKY) traded down $0.10 during midday trading on Monday, hitting $17.60. 40,900 shares of the stock were exchanged, compared to its average volume of 33,906. The company has a quick ratio of 1.95, a current ratio of 4.91 and a debt-to-equity ratio of 0.08. Rocky Brands has a 12 month low of $10.25 and a 12 month high of $20.15. The firm has a market capitalization of $130.14, a P/E ratio of 18.14 and a beta of 0.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a $0.11 dividend. The ex-dividend date is Friday, November 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.50%. Rocky Brands’s dividend payout ratio (DPR) is presently 72.13%.

Several analysts have commented on RCKY shares. Robert W. Baird raised their target price on shares of Rocky Brands from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, ValuEngine downgraded shares of Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $15.00.

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Rocky Brands Company Profile

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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