Rocky Brands (NASDAQ:RCKY)‘s stock had its “hold” rating reissued by research analysts at Robert W. Baird in a note issued to investors on Wednesday. They currently have a $18.00 price objective on the textile maker’s stock. Robert W. Baird’s price objective points to a potential downside of 9.09% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Friday, October 27th. ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research report on Sunday. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.00.
Rocky Brands (RCKY) traded up $0.90 during midday trading on Wednesday, reaching $19.80. The company had a trading volume of 41,200 shares, compared to its average volume of 41,300. The company has a quick ratio of 1.95, a current ratio of 4.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $139.76, a P/E ratio of 32.46 and a beta of 0.70. Rocky Brands has a 1-year low of $10.25 and a 1-year high of $20.15.
COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/03/rocky-brands-rcky-hold-rating-reiterated-at-robert-w-baird.html.
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.
Receive News & Ratings for Rocky Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Brands and related companies with MarketBeat.com's FREE daily email newsletter.