|Over a month ago|
Rocky Brands raises quarterly dividend by 10.7% to 15.5c per share » 16:0508/1108/11/21
The dividend will be paid…
The dividend will be paid on September 16, 2021 to all shareholders of record as of the close of business on September 2, 2021.
Rocky Brands reports Q2 EPS 99c, two estimates 78c » 16:4608/0308/03/21
Reports Q2 revenue…
Reports Q2 revenue $131.6M, two estimates $125.6M. "Our business exhibited tremendous strength in the second quarter," said Jason Brooks, Chairman, President and Chief Executive Officer. "Demand for our Rocky, Georgia and Durango brands has been building over the past year and recent trends have been particularly strong. The combination of innovative product introductions, enhanced consumer engagement, and effective inventory management are fueling market share gains in our work, western and outdoor markets. At the same time, the newest additions to our brand portfolio, in particular The Original Muck Boot Company and XTRATUF are performing very well, contributing to our exceptional growth. I am confident that we are well positioned to continue capitalizing on our current momentum and successfully integrating our recent acquisition to unlock even greater earnings power from our operating model in the years ahead."
Rocky Brands initiated with a Buy at BTIG » 06:4807/2707/27/21
BTIG analyst Camilo Lyon…
BTIG analyst Camilo Lyon initiated coverage of Rocky Brands with a Buy rating and $79 price target. The analyst sees a "smooth path" to the management's sales target and margin acceleration following a "seminal" 2020 for the company as it took advantage of marketplace supply chain disruptions and low levels of inventory commitments across the industry. Lyon adds that Rocky Brands has gained domestic shelf space and market share with its wholesale partners and its end consumers.
|Over a quarter ago|
Rocky Brands price target raised to $65 from $40 at Baird » 06:4406/1406/14/21
Baird analyst Susan…
Baird analyst Susan Anderson raised the firm's price target on Rocky Brands to $65 from $40 and keeps a Neutral rating on the shares. The analyst remains encouraged by fundamental improvements pointing to strong momentum during Q2 combined with ongoing progress on integrating the new brand portfolio. Anderson remains biased to the upside on Rocky Brands shares.
Rocky Brands announces appointment of Jason Brooks as chairman of the board » 07:3606/0106/01/21
Rocky Brands announced…
Rocky Brands announced that the company's Chief Executive Officer, Jason Brooks, has been appointed as chairman of the board of directors following Mike Brooks' decision to step down as chairman of the board. Mike Brooks will continue to serve as a member of the company's board of directors. In addition, the company's board of directors also appointed G. Courtney Haning as the board's Lead Independent Director. Jason Brooks has served as president and CEO of the company since May 2017. Mike Brooks has served as chairman of the board since 2005. G. Courtney Haning has served on the board of directors of the company since 2000.
Rocky Brands expands made in America capabilities with Rock Island factory » 09:1705/0505/05/21
Rocky Brands has expanded…
Rocky Brands has expanded its offering of made in America product with the 45,000 square-foot Rock Island factory that produces Servus footwear it acquired as part of the purchase of Honeywell's lifestyle and performance footwear business in March 2021. Located in northwest Illinois, the Rock Island facility manufactures approximately 1.6 million pairs of Servus boots per year.
Rocky Brands price target raised to $68 from $66 at B. Riley » 08:3005/0505/05/21
B. Riley analyst Susan…
B. Riley analyst Susan Anderson raised the firm's price target on Rocky Brands to $68 from $66 and reiterates a Buy rating on the shares following the "strong beat" in Q1. The analyst believes has additional upside as it incorporates the recently acquired brands and drive cost synergies.
Fly Intel: After-Hours Movers » 18:5905/0405/04/21
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Rocky Brands reports Q1 EPS $1.19, two estimates 59c » 16:1205/0405/04/21
Reports Q1 revenue…
Reports Q1 revenue $87.7M, two estimates $71.25M. Jason Brooks, President and Chief Executive Officer, commented, "It has been an excellent start to the year for Rocky Brands as we delivered a strong first quarter performance and completed a highly transformative acquisition. We experienced robust demand for our Rocky, Georgia and Durango brands across our wholesale and direct to consumer channels, which when combined with an easier comparison due to the impact on our business from COVID-19 in the year ago period, resulted in a dramatic improvement in revenue and earnings per share. The multi-year initiatives we've been executing in product innovation, fulfillment, consumer engagement and inventory management enhanced our ability to capture market share during the pandemic while creating a strong foundation to support long-term growth. The recent addition of The Original Muck Boot Company, XTRATUF, Servus, NEOS, and Ranger brands has further bolstered our powerful portfolio and provided our business model with compelling new opportunities to drive profitable, top-line expansion and increased shareholder value for years to come."
Rocky Brands price target raised to $66 from $60 at B. Riley » 07:5704/2004/20/21
B. Riley analyst Susan…
B. Riley analyst Susan Anderson raised the firm's price target on Rocky Brands to $66 from $60 and keeps a Buy rating on the shares. The analyst believes the company will benefit from its Western offering demand for work boots, and the addition of the Honeywell brands.