Rocky Brands Upgraded to “Buy” at Thomson Reuters/Verus (RCKY)
Rocky Brands (NASDAQ:RCKY) was upgraded by analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Stock Ratings News reports.
Separately, analysts at Zacks upgraded shares of Rocky Brands from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $17.90 price target on the stock.
Rocky Brands (NASDAQ:RCKY) traded down 0.73% during mid-day trading on Monday, hitting $17.56. 18,173 shares of the company’s stock traded hands. Rocky Brands has a 1-year low of $10.84 and a 1-year high of $19.37. The stock has a 50-day moving average of $17.25 and a 200-day moving average of $15.64. The company has a market cap of $132.0 million and a P/E ratio of 12.64.
Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, July 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.09. The company had revenue of $59.40 million for the quarter, compared to the consensus estimate of $54.70 million.
Rocky Brands, Inc (NASDAQ:RCKY) is a designer, manufacturer and marketer of footwear marketed under a portfolio of brand names including Rocky, Georgia Boot, Durango, Lehigh, Mossy Oak, Michelin and Dickies.
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