Rocky Brands (RCKY) Receives Hold Rating from Robert W. Baird
Robert W. Baird reaffirmed their hold rating on shares of Rocky Brands (NASDAQ:RCKY) in a research report report published on Wednesday. Robert W. Baird currently has a $18.00 price objective on the textile maker’s stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Rocky Brands from a hold rating to a strong-buy rating and set a $17.00 target price for the company in a research report on Friday, October 27th. ValuEngine raised Rocky Brands from a hold rating to a buy rating in a research report on Sunday. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $18.00.
Shares of Rocky Brands (NASDAQ RCKY) traded down $0.25 during trading on Wednesday, hitting $19.40. The stock had a trading volume of 35,911 shares, compared to its average volume of 45,867. The firm has a market capitalization of $146.41, a PE ratio of 31.80 and a beta of 0.70. The company has a current ratio of 4.91, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08. Rocky Brands has a 1-year low of $10.25 and a 1-year high of $20.15.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. acquired a new stake in Rocky Brands during the second quarter valued at $164,000. Arrowstreet Capital Limited Partnership acquired a new stake in Rocky Brands during the second quarter valued at $176,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Rocky Brands during the second quarter valued at $176,000. Nordea Investment Management AB acquired a new stake in Rocky Brands during the second quarter valued at $203,000. Finally, OxFORD Asset Management LLP acquired a new stake in Rocky Brands during the second quarter valued at $213,000. 55.93% of the stock is owned by hedge funds and other institutional investors.
About Rocky Brands
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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