Baird Maintains Rocky Brands Inc to Neutral with Price Target $11.00

Brokerage firm Baird Maintains its rating on Rocky Brands Inc(NASDAQ:RCKY). In a research note issued to the investors, the brokerage major Raises the price-target to $11.00 per share. The shares have been rated Neutral. The rating by Baird was issued on Aug 18, 2016.

Rocky Brands Inc (RCKY) made into the market gainers list on Mondays trading session with the shares advancing 2.02% or 0.21 points. Due to strong positive momentum, the stock ended at $10.62, which is also near the day’s high of $10.65. The stock began the session at $10.48 and the volume stood at 15,422 shares. The 52-week high of the shares is $19.8 and the 52 week low is $9.67. The company has a current market capitalization of $79 M and it has 74,84,694 shares in outstanding.

Rocky Brands Inc(RCKY) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $62.56M. Analysts had an estimated revenue of $72.42M. Earnings per share were $-0.23. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, David Sharp (CEO) purchased 5,000 shares at $12.60 per share price.Also, On Dec 10, 2015, Curtis A Loveland (Secretary) purchased 10,000 shares at $10.27 per share price.On Mar 18, 2015, G Courtney Haning (director) sold 5,510 shares at $20.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Creative Recreation and the licensed brand Michelin. The Company operates its business through three business segments: wholesale retail and military. In its wholesale business the Company distributes its products through a range of distribution channels representing over 10000 retail store locations in the United States and Canada as well as in other international markets. Its retail business includes direct sales of its products to consumers through its consumer and business Websites its Lehigh Outfitters mobile and retail stores (including a fleet of trucks supported by small warehouses that include retail stores which it refer to as mini-stores) and its Rocky outlet store. The Company also sells footwear under the Rocky label to the United States military.

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