Rocky Brands Inc (RCKY) Given $18.00 Consensus Target Price by Brokerages

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

Brokerages have set a one year consensus price target 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 assigned Rocky Brands an industry rank of 85 out of 265 based on the ratings given to related companies.

RCKY has been the subject of a number of research analyst reports. ValuEngine raised Rocky Brands from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Rocky Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird reissued a “hold” rating and set a $18.00 price target on shares of Rocky Brands in a report on Wednesday, January 3rd.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings 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 in the last quarter. Northern Trust Corp raised its holdings 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 in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Rocky Brands during the 2nd quarter worth $164,000. JPMorgan Chase & Co. increased its holdings in Rocky Brands by 68.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,793 shares of the textile maker’s stock worth $416,000 after purchasing an additional 12,958 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Rocky Brands in the 2nd quarter worth about $176,000. 58.97% of the stock is owned by institutional investors.

Rocky Brands (NASDAQ RCKY) traded down $0.55 during trading hours on Friday, hitting $16.35. The stock had a trading volume of 24,768 shares, compared to its average volume of 32,791. 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 $20.95. The company has a market cap of $122.38, a P/E ratio of 26.80 and a beta of 0.53.

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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 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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