Rocky Brands (NASDAQ:RCKY)‘s stock had its “hold” rating reaffirmed by investment analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $19.00 price objective on the textile maker’s stock. Robert W. Baird’s price target would suggest a potential upside of 2.70% from the stock’s previous close.
A number of other analysts have also commented on RCKY. ValuEngine upgraded Rocky Brands from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Rocky Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.33.
Shares of Rocky Brands (NASDAQ RCKY) opened at $18.50 on Friday. The company has a quick ratio of 1.95, a current ratio of 4.91 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $131.33, a PE ratio of 14.34 and a beta of 0.53. Rocky Brands has a 12-month low of $10.25 and a 12-month high of $20.95.
Several institutional investors have recently bought and sold shares of RCKY. Ameriprise Financial Inc. acquired a new position in shares of Rocky Brands during the 2nd quarter worth about $164,000. Nationwide Fund Advisors grew its position in shares of Rocky Brands by 368.4% during the 2nd quarter. Nationwide Fund Advisors now owns 42,308 shares of the textile maker’s stock worth $569,000 after buying an additional 33,276 shares during the period. Northern Trust Corp grew its position in shares of Rocky Brands by 20.8% during the 2nd quarter. Northern Trust Corp now owns 26,996 shares of the textile maker’s stock worth $363,000 after buying an additional 4,643 shares during the period. Vanguard Group Inc. grew its position in shares of Rocky Brands by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 299,488 shares of the textile maker’s stock worth $4,029,000 after buying an additional 1,679 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Rocky Brands during the 2nd quarter worth about $176,000. Institutional investors 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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