Rocky Brands (NASDAQ:RCKY - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.
Separately, Robert W. Baird decreased their price target on shares of Rocky Brands from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st.
Read Our Latest Stock Report on RCKY
Rocky Brands Stock Up 1.1 %
Shares of RCKY traded up $0.28 during trading hours on Friday, hitting $25.29. The company had a trading volume of 46,817 shares, compared to its average volume of 40,899. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $188.41 million, a PE ratio of 14.21 and a beta of 2.10. Rocky Brands has a one year low of $19.65 and a one year high of $40.14. The company's fifty day moving average price is $23.25 and its two-hundred day moving average price is $26.78.
Hedge Funds Weigh In On Rocky Brands
Several hedge funds have recently modified their holdings of RCKY. Los Angeles Capital Management LLC boosted its stake in Rocky Brands by 9.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker's stock worth $210,000 after purchasing an additional 820 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Rocky Brands during the third quarter valued at $224,000. Yarger Wealth Strategies LLC increased its position in shares of Rocky Brands by 6.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 10,873 shares of the textile maker's stock valued at $248,000 after acquiring an additional 614 shares during the period. JPMorgan Chase & Co. raised its stake in Rocky Brands by 133.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,182 shares of the textile maker's stock worth $261,000 after acquiring an additional 4,683 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Rocky Brands by 292.3% in the third quarter. Barclays PLC now owns 9,757 shares of the textile maker's stock worth $311,000 after purchasing an additional 7,270 shares during the last quarter. Institutional investors and hedge funds own 75.06% of the company's stock.
Rocky Brands Company Profile
(
Get Free Report)
Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.
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