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RCKY - Rocky Brands: Boost In Digital Sales Helps Margins On Record EPS Numbers +35% Upside
Rocky Brands Inc.
Source: Company Website
9% FCF, 11x P/E and 15% net cash to market cap
Rocky Brands (RCKY) is a leading designer, manufacturer and marketer of footwear and apparel across a range of well-known brands. With the company growing strongly in 2019 (record EPS year) and 2Q20 showing resilience despite the impact of COVID-19, we believe the company is well placed to show strong growth in the long-run. Growth in the higher margin retail channel and management initiatives to cut costs have resulted in an improvement in gross margins in 2Q20. In addition, a