Rocky Brands, Inc. (NASDAQ:RCKY) had its price target hoisted by Robert W. Baird from $13.00 to $15.00 in a research report released on Wednesday. Robert W. Baird currently has a neutral rating on the textile maker’s stock.
Several other brokerages also recently weighed in on RCKY. TheStreet upgraded shares of Rocky Brands from a c rating to a b- rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Rocky Brands from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Friday, July 28th. Finally, ValuEngine upgraded shares of Rocky Brands from a hold rating to a buy rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Rocky Brands currently has an average rating of Buy and a consensus price target of $15.00.
Rocky Brands (NASDAQ:RCKY) traded up 12.30% during trading on Wednesday, hitting $17.80. 144,022 shares of the company were exchanged. Rocky Brands has a 1-year low of $10.25 and a 1-year high of $17.85. The stock has a market capitalization of $132.54 million, a PE ratio of 47.98 and a beta of 0.59. The firm’s 50 day moving average price is $14.12 and its 200-day moving average price is $13.68.
In other Rocky Brands news, Director Robert Burton Jr. Moore purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of $13.80 per share, for a total transaction of $69,000.00. Following the acquisition, the director now owns 13,619 shares in the company, valued at $187,942.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in RCKY. Two Sigma Securities LLC purchased a new stake in Rocky Brands in the 1st quarter worth approximately $122,000. Ameriprise Financial Inc. purchased a new stake in Rocky Brands in the 2nd quarter worth approximately $164,000. Arrowstreet Capital Limited Partnership purchased a new stake in Rocky Brands in the 2nd quarter worth approximately $176,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Rocky Brands in the 2nd quarter worth approximately $176,000. Finally, Nordea Investment Management AB purchased a new stake in Rocky Brands in the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 57.28% of the company’s stock.
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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