Rocky Brands Stock Analysis
RCKY Stock | USD 27.42 0.86 3.24% |
Rocky Brands is overvalued with Real Value of 22.73 and Target Price of 20.5. The main objective of Rocky Brands stock analysis is to determine its intrinsic value, which is an estimate of what Rocky Brands is worth, separate from its market price. There are two main types of Rocky Brands' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Rocky Brands' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Rocky Brands' stock to identify patterns and trends that may indicate its future price movements.
The Rocky Brands stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Rocky Brands is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Rocky Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Rocky Brands' ongoing operational relationships across important fundamental and technical indicators.
Rocky |
Rocky Stock Analysis Notes
About 76.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.88. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Rocky Brands has Price/Earnings To Growth (PEG) ratio of 1.62. The entity last dividend was issued on the 1st of March 2024. Rocky Brands, Inc. designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, Muck, XTRATUF, Servus, NEOS, Ranger, and licensed Michelin brand names in the United States, Canada, and internationally. Rocky Brands, Inc. was founded in 1932 and is headquartered in Nelsonville, Ohio. Rocky Brands operates under Footwear Accessories classification in the United States and is traded on NASDAQ Exchange. It employs 2800 people. To find out more about Rocky Brands contact David Sharp at 740 753 1951 or learn more at https://www.rockybrands.com.Rocky Brands Quarterly Total Revenue |
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Rocky Brands Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Rocky Brands' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Rocky Brands or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Rocky Brands had very high historical volatility over the last 90 days | |
Rocky Brands is unlikely to experience financial distress in the next 2 years | |
Over 76.0% of the company shares are owned by institutional investors | |
On 18th of March 2024 Rocky Brands paid $ 0.155 per share dividend to its current shareholders | |
Latest headline from finance.yahoo.com: Rocky Brands, Inc. to Report First Quarter 2024 Results on April 30, 2024 |
Rocky Brands Upcoming and Recent Events
Earnings reports are used by Rocky Brands to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Rocky Brands previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
22nd of February 2024 Upcoming Quarterly Report | View | |
7th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
22nd of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Rocky Largest EPS Surprises
Earnings surprises can significantly impact Rocky Brands' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2004-04-29 | 2004-03-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2014-04-23 | 2014-03-31 | 0.12 | 0.1 | -0.02 | 16 | ||
2013-04-23 | 2013-03-31 | 0.14 | 0.12 | -0.02 | 14 |
Rocky Brands Thematic Classifications
In addition to having Rocky Brands stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
ApparelUSA Equities from Apparel industry as classified by Fama & French | ||
HousewaresHousewares products and accessories |
Rocky Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Rocky Brands is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Rocky Brands backward and forwards among themselves. Rocky Brands' institutional investor refers to the entity that pools money to purchase Rocky Brands' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Crawford Investment Counsel, Inc | 2023-12-31 | 129.6 K | Deprince Race & Zollo Inc | 2023-12-31 | 120.5 K | Diamond Hill Capital Management Inc | 2023-12-31 | 119.9 K | Allspring Global Investments Holdings, Llc | 2023-12-31 | 89.6 K | Northern Trust Corp | 2023-12-31 | 79.3 K | Bank Of New York Mellon Corp | 2023-12-31 | 70.6 K | American Century Companies Inc | 2023-12-31 | 53.6 K | Bridgeway Capital Management, Llc | 2023-12-31 | 48.3 K | Aristides Capital Llc | 2023-12-31 | 42.6 K | Fmr Inc | 2023-12-31 | 1.1 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 558.3 K |
Rocky Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 197.01 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Rocky Brands's market, we take the total number of its shares issued and multiply it by Rocky Brands's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Rocky Profitablity
Rocky Brands' profitability indicators refer to fundamental financial ratios that showcase Rocky Brands' ability to generate income relative to its revenue or operating costs. If, let's say, Rocky Brands is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Rocky Brands' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Rocky Brands' profitability requires more research than a typical breakdown of Rocky Brands' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.14 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.14. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.03 | 0.03 | |
Return On Capital Employed | 0.09 | 0.09 | |
Return On Assets | 0.02 | 0.03 | |
Return On Equity | 0.05 | 0.06 |
Management Efficiency
Rocky Brands has return on total asset (ROA) of 0.0467 % which means that it generated a profit of $0.0467 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0475 %, meaning that it created $0.0475 on every $100 dollars invested by stockholders. Rocky Brands' management efficiency ratios could be used to measure how well Rocky Brands manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Rocky Brands' Return On Assets are fairly stable compared to the past year. Return On Equity is likely to rise to 0.06 in 2024, whereas Return On Tangible Assets are likely to drop 0.03 in 2024. At this time, Rocky Brands' Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 244.3 M in 2024, despite the fact that Non Currrent Assets Other are likely to grow to (99 M).Last Reported | Projected for Next Year | ||
Book Value Per Share | 30.36 | 31.88 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 8.57 | 8.46 | |
Enterprise Value Over EBITDA | 7.89 | 9.62 | |
Price Book Value Ratio | 0.99 | 1.30 | |
Enterprise Value Multiple | 7.89 | 9.62 | |
Price Fair Value | 0.99 | 1.30 | |
Enterprise Value | 125 M | 83 M |
The analysis of Rocky Brands' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Rocky Brands' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Rocky Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0233 | Forward Dividend Yield 0.0233 | Forward Dividend Rate 0.62 | Beta 1.977 |
Technical Drivers
As of the 24th of April, Rocky Brands holds the Coefficient Of Variation of 5229.15, risk adjusted performance of 0.0202, and Semi Deviation of 4.05. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rocky Brands, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Rocky Brands, which can be compared to its competitors. Please check Rocky Brands mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Rocky Brands is priced some-what accurately, providing market reflects its current price of 27.42 per share. Given that Rocky Brands has jensen alpha of (0.08), we recommend you to check out Rocky Brands's recent market performance to make sure the company can sustain itself at a future point.Rocky Brands Price Movement Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Rocky Brands middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Rocky Brands. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Rocky Brands Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Rocky Brands insiders, such as employees or executives, is commonly permitted as long as it does not rely on Rocky Brands' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Rocky Brands insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Michael Finn over three weeks ago Acquisition by Michael Finn of 663 shares of Rocky Brands subject to Rule 16b-3 | ||
Byron Wortham over three weeks ago Acquisition by Byron Wortham of 2650 shares of Rocky Brands subject to Rule 16b-3 | ||
Jason Brooks over a month ago Acquisition by Jason Brooks of 1000 shares of Rocky Brands at 18.8799 subject to Rule 16b-3 | ||
Winbigler Tracie A over six months ago Acquisition by Winbigler Tracie A of 1224 shares of Rocky Brands subject to Rule 16b-3 | ||
Winbigler Tracie A over six months ago Acquisition by Winbigler Tracie A of 857 shares of Rocky Brands subject to Rule 16b-3 |
Rocky Brands Predictive Daily Indicators
Rocky Brands intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Rocky Brands stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Rocky Brands Corporate Filings
F4 | 2nd of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 15th of March 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
8K | 28th of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 26th of January 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 12th of January 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 3rd of January 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 14th of December 2023 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Rocky Brands Forecast Models
Rocky Brands' time-series forecasting models are one of many Rocky Brands' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Rocky Brands' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Rocky Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Rocky Brands prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Rocky shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Rocky Brands. By using and applying Rocky Stock analysis, traders can create a robust methodology for identifying Rocky entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.03 | 0.03 | |
Operating Profit Margin | 0.09 | 0.09 | |
Net Profit Margin | 0.02 | 0.02 | |
Gross Profit Margin | 0.39 | 0.26 |
Current Rocky Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Rocky analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Rocky analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
20.5 | Hold | 3 | Odds |
Most Rocky analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Rocky stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Rocky Brands, talking to its executives and customers, or listening to Rocky conference calls.
Rocky Stock Analysis Indicators
Rocky Brands stock analysis indicators help investors evaluate how Rocky Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Rocky Brands shares will generate the highest return on investment. By understating and applying Rocky Brands stock analysis, traders can identify Rocky Brands position entry and exit signals to maximize returns.
Begin Period Cash Flow | 5.7 M | |
Long Term Debt | 170.5 M | |
Common Stock Shares Outstanding | 7.4 M | |
Total Stockholder Equity | 223.6 M | |
Tax Provision | 2.2 M | |
Quarterly Earnings Growth Y O Y | 0.021 | |
Property Plant And Equipment Net | 59.8 M | |
Cash And Short Term Investments | 4.5 M | |
Cash | 4.5 M | |
Accounts Payable | 49.8 M | |
Net Debt | 176.7 M | |
50 Day M A | 27.063 | |
Total Current Liabilities | 71.5 M | |
Other Operating Expenses | 422.2 M | |
Non Current Assets Total | 232.7 M | |
Non Currrent Assets Other | -104.2 M | |
Stock Based Compensation | 1.2 M |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Rocky Stock analysis
When running Rocky Brands' price analysis, check to measure Rocky Brands' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rocky Brands is operating at the current time. Most of Rocky Brands' value examination focuses on studying past and present price action to predict the probability of Rocky Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Brands' price. Additionally, you may evaluate how the addition of Rocky Brands to your portfolios can decrease your overall portfolio volatility.
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Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Rocky Brands' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rocky Brands. If investors know Rocky will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rocky Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Dividend Share 0.62 | Earnings Share 1.41 | Revenue Per Share 62.723 | Quarterly Revenue Growth (0.09) |
The market value of Rocky Brands is measured differently than its book value, which is the value of Rocky that is recorded on the company's balance sheet. Investors also form their own opinion of Rocky Brands' value that differs from its market value or its book value, called intrinsic value, which is Rocky Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rocky Brands' market value can be influenced by many factors that don't directly affect Rocky Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rocky Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rocky Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocky Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.