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

Rocky Brands (NASDAQ:RCKY) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

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

Rocky Brands Stock Performance

Shares of NASDAQ:RCKY opened at $23.50 on Friday. The firm has a market capitalization of $175.08 million, a PE ratio of 13.20 and a beta of 2.10. Rocky Brands has a 12 month low of $19.65 and a 12 month high of $40.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. The business has a 50-day moving average of $23.44 and a two-hundred day moving average of $26.59.

Institutional Trading of Rocky Brands

Several large investors have recently bought and sold shares of RCKY. Inspire Advisors LLC purchased a new position in shares of Rocky Brands in the third quarter valued at $339,000. Summit Global Investments purchased a new position in Rocky Brands in the 3rd quarter valued at about $341,000. Empowered Funds LLC grew its stake in shares of Rocky Brands by 5.0% during the third quarter. Empowered Funds LLC now owns 30,994 shares of the textile maker’s stock valued at $987,000 after acquiring an additional 1,474 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Rocky Brands by 5.0% during the third 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 last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Rocky Brands in the third quarter worth about $224,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

About Rocky Brands

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.