Rocky Brands (RCKY) Earning Somewhat Positive News Coverage, Study Shows
Headlines about Rocky Brands (NASDAQ:RCKY) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rocky Brands earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 45.6209884908082 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research firms have recently issued reports on RCKY. Robert W. Baird reaffirmed a “hold” rating and issued a $19.00 target price on shares of Rocky Brands in a report on Friday, February 23rd. ValuEngine lowered Rocky Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered Rocky Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $18.33.
Rocky Brands (NASDAQ:RCKY) traded up $0.35 during trading hours on Friday, hitting $19.40. The company’s stock had a trading volume of 136,711 shares, compared to its average volume of 33,739. The stock has a market capitalization of $143.53, a P/E ratio of 15.04 and a beta of 0.43. Rocky Brands has a 12-month low of $10.25 and a 12-month high of $20.95. The company has a current ratio of 4.91, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08.
About Rocky Brands
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 and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets.
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