In a report released yesterday, Jonathan Komp from Robert W. Baird reiterated a Hold rating on Rocky Brands (NASDAQ: RCKY), with a price target of $30. The company’s shares opened today at $31.85, close to its 52-week high of $31.95.
According to TipRanks.com, Komp is a 5-star analyst with an average return of 19.5% and a 73.3% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Wolverine World Wide, and Columbia Sportswear.
The word on The Street in general, suggests a Hold analyst consensus rating for Rocky Brands with a $30 average price target.
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Based on Rocky Brands’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.65 million. In comparison, last year the company had a net profit of $1.46 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Richard Simms, the President of Operations of RCKY bought 3,100 shares for a total of $43,442.
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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.
