Rocky Brands (RCKY) Cut to “Buy” at ValuEngine
Rocky Brands (NASDAQ:RCKY) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday.
A number of other brokerages also recently commented on RCKY. Zacks Investment Research upgraded Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Friday, October 27th. Robert W. Baird raised their price objective on Rocky Brands from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $15.00.
Shares of Rocky Brands (NASDAQ RCKY) opened at $17.60 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. Rocky Brands has a 52-week low of $10.25 and a 52-week high of $20.15. The company has a market capitalization of $130.30, a P/E ratio of 18.35 and a beta of 0.71.
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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