Rocky Brands Inc (RCKY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Rocky Brands Inc (NASDAQ:RCKY) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a 12-month consensus target price of $18.00 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given Rocky Brands an industry rank of 105 out of 265 based on the ratings given to related companies.

Several research analysts have recently commented on the company. Robert W. Baird raised their price objective on Rocky Brands from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Thursday, January 4th. Finally, ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

A number of hedge funds have recently made changes to their positions in RCKY. Ameriprise Financial Inc. purchased a new position in Rocky Brands during the 2nd quarter worth $164,000. Raymond James Financial Services Advisors Inc. purchased a new position in Rocky Brands during the 2nd quarter worth $176,000. Arrowstreet Capital Limited Partnership purchased a new position in Rocky Brands during the 2nd quarter worth $176,000. Nordea Investment Management AB purchased a new position in Rocky Brands during the 2nd quarter worth $203,000. Finally, OxFORD Asset Management LLP purchased a new position in Rocky Brands during the 2nd quarter worth $213,000. Hedge funds and other institutional investors own 55.93% of the company’s stock.

Shares of Rocky Brands (NASDAQ RCKY) traded down $0.25 on Friday, reaching $18.85. The company’s stock had a trading volume of 22,400 shares, compared to its average volume of 37,575. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 4.91. Rocky Brands has a 1-year low of $10.25 and a 1-year high of $20.95. The stock has a market capitalization of $141.24, a price-to-earnings ratio of 30.90 and a beta of 0.70.

Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, October 24th. The textile maker reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Rocky Brands had a return on equity of 5.24% and a net margin of 1.80%. equities research analysts anticipate that Rocky Brands will post 0.95 EPS for the current year.

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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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