Important negative changes in fundamentals have recently occurred for Rocky Brands Inc (NASDAQ: RCKY): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Rocky Brands Inc (NASDAQ: RCKY) has recently experienced meaningful negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RCKY is expected to be a modest Value Builder.
Rocky Brands has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Rocky Brands has a good Appreciation Score of 75 and a very high Power Rating of 87, resulting in the Highest Value Trend Rating.
Recent Price Action
Rocky Brands Inc (NASDAQ: RCKY) stock closed at $25.09 on 3/27/24 after a decline of -4.2%. Moreover, trading volume in this decline was exceptionally high at 328% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.1% during the last week.
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