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Robert W. Baird Maintains Their Hold Rating on Rocky Brands (RCKY)

In a report issued on June 13, Jonathan Komp from Robert W. Baird maintained a Hold rating on Rocky Brands (RCKYResearch Report). The company’s shares closed last Friday at $31.77, close to its 52-week low of $31.26.

According to TipRanks.com, Komp is a 5-star analyst with an average return of 10.7% and a 46.9% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Wolverine World Wide, and Columbia Sportswear.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rocky Brands with a $78.00 average price target.

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Based on Rocky Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $167 million and net profit of $7.34 million. In comparison, last year the company earned revenue of $87.67 million and had a net profit of $4.49 million.

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Rocky Brands, Inc. engages in the design, manufacture, and marketing of footwear and apparel. Its brand includes Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation, and Michelin. It operates through the following segments: Wholesale, Retail, and Military. The Wholesale segment distributes its products through retail stores. The Retail segment includes direct sales of its products to consumers through e-commerce websites, third party marketplaces, and Rocky outlet store. The Military segment focuses on the bidding of footwear contracts with the U.S. military. The company was founded in 1932 and is headquartered in Nelsonville, OH.

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