Rocky Brands (RCKY) Rating Lowered to Hold at Zacks Investment Research

Rocky Brands (NASDAQ:RCKY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Rocky Brands, Inc. is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, and the licensed brand, Dickies. “

A number of other equities analysts have also weighed in on RCKY. Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Rocky Brands in a research report on Sunday, September 3rd. ValuEngine lowered shares of Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.00.

Rocky Brands (RCKY) opened at $18.35 on Wednesday. The firm has a market cap of $137.33, a PE ratio of 30.08 and a beta of 0.70. Rocky Brands has a 52-week low of $10.25 and a 52-week high of $20.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 4.91.

Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new position in Rocky Brands in the 2nd quarter valued at about $164,000. Raymond James Financial Services Advisors Inc. acquired a new position in Rocky Brands in the 2nd quarter valued at about $176,000. Arrowstreet Capital Limited Partnership acquired a new position in Rocky Brands in the 2nd quarter valued at about $176,000. Nordea Investment Management AB acquired a new position in Rocky Brands in the 2nd quarter valued at about $203,000. Finally, OxFORD Asset Management LLP acquired a new position in Rocky Brands in the 2nd quarter valued at about $213,000. Institutional investors own 55.93% of the company’s stock.

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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, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.

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