Rocky Brands (NASDAQ:RCKY) Stock Rating Lowered by StockNews.com

Rocky Brands (NASDAQ:RCKYGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Robert W. Baird reduced their target price on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Read Our Latest Report on RCKY

Rocky Brands Stock Performance

Shares of Rocky Brands stock opened at $23.50 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 2.79. Rocky Brands has a 1 year low of $19.65 and a 1 year high of $40.14. The firm’s 50-day simple moving average is $23.44 and its 200-day simple moving average is $26.59. The firm has a market cap of $175.08 million, a PE ratio of 13.20 and a beta of 2.10.

Institutional Trading of Rocky Brands

A number of institutional investors and hedge funds have recently made changes to their positions in RCKY. State Street Corp raised its holdings in shares of Rocky Brands by 0.4% during the third quarter. State Street Corp now owns 134,249 shares of the textile maker’s stock valued at $4,277,000 after buying an additional 586 shares during the last quarter. Yarger Wealth Strategies LLC increased its position in 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. Los Angeles Capital Management LLC raised its stake in Rocky Brands by 9.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker’s stock valued at $210,000 after acquiring an additional 820 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Rocky Brands by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,999 shares of the textile maker’s stock worth $669,000 after acquiring an additional 1,001 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Rocky Brands by 4.8% in the fourth quarter. Empowered Funds LLC now owns 32,467 shares of the textile maker’s stock worth $740,000 after purchasing an additional 1,473 shares in the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

About Rocky Brands

(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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