Rocky Shoes Buy rating maintained in update through Dutton
17 Aug '05
3 min read
They forecast EPS growth of 20.8 percent over the next three years, implying a price-earnings growth rate index (PEGRI) of 0.50 based on the 2006 estimate. They continue to buy recommendation on the shares with a price objective of $38 per share.
Dutton Associates is one of the largest independent investment research firms in the US Its 27 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 105 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
Ohio based Rocky Shoes & Boots offers hunting boots, hunting clothes, work boots and western and occupational gear. A corporate office, warehouse, and distribution center now accompany the original manufacturing building in Nelsonville that goes back to 1932. Nearly 3,000 retail and catalog outlets carry ROCKY footwear. The ROCKY goal to provide quality outdoor and occupational footwear has not changed since the doors opened over 70 years ago.
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