Rocky Brands (NASDAQ:RCKY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday, February 2nd.
A number of other research firms also recently weighed in on RCKY. Robert W. Baird reaffirmed a “hold” rating and set a $18.00 price target on shares of Rocky Brands in a research report on Wednesday, January 3rd. Zacks Investment Research raised Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.00.
Rocky Brands (NASDAQ RCKY) opened at $15.95 on Friday. Rocky Brands has a 12-month low of $10.25 and a 12-month high of $20.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.91 and a quick ratio of 1.95. The stock has a market capitalization of $117.94, a P/E ratio of 16.44 and a beta of 0.53.
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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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