Robert W. Baird restated their hold rating on shares of Rocky Brands (NASDAQ:RCKY) in a research report sent to investors on Friday morning. Robert W. Baird currently has a $19.00 price target on the textile maker’s stock.
Several other research analysts have also commented on the company. ValuEngine upgraded Rocky Brands from a hold rating to a buy rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Rocky Brands from a hold rating to a strong-buy rating and set a $23.00 price objective for the company in a research report on Thursday, January 4th. Two equities 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’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $18.33.
Rocky Brands (NASDAQ RCKY) opened at $18.50 on Friday. The company has a market capitalization of $136.88, a P/E ratio of 14.34 and a beta of 0.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.91 and a quick ratio of 1.95. Rocky Brands has a 12-month low of $10.25 and a 12-month high of $20.95.
A number of large investors have recently added to or reduced their stakes in RCKY. Ameriprise Financial Inc. acquired a new position in Rocky Brands during the 2nd quarter valued at approximately $164,000. Nationwide Fund Advisors boosted its position in Rocky Brands by 368.4% during the 2nd quarter. Nationwide Fund Advisors now owns 42,308 shares of the textile maker’s stock valued at $569,000 after purchasing an additional 33,276 shares during the period. Northern Trust Corp boosted its position in Rocky Brands by 20.8% during the 2nd quarter. Northern Trust Corp now owns 26,996 shares of the textile maker’s stock valued at $363,000 after purchasing an additional 4,643 shares during the period. Vanguard Group Inc. boosted its position in Rocky Brands by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 299,488 shares of the textile maker’s stock valued at $4,029,000 after purchasing an additional 1,679 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Rocky Brands during the 2nd quarter valued at approximately $176,000. Institutional investors and hedge funds own 61.19% of the company’s stock.
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 and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets.
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