Crocs, Inc. (CROX) Given Average Rating of “Buy” by Brokerages
Crocs, Inc. (NASDAQ:CROX) has received a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.11.
A number of brokerages have recently issued reports on CROX. Pivotal Research reiterated a “buy” rating and issued a $35.00 price target (up from $33.00) on shares of Crocs in a report on Tuesday, January 15th. Piper Jaffray Companies set a $31.00 price target on Crocs and gave the stock a “buy” rating in a research report on Tuesday, December 4th. BidaskClub raised Crocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 5th. Susquehanna Bancshares raised Crocs from a “neutral” rating to a “positive” rating and set a $28.80 price objective for the company in a report on Wednesday, January 2nd. Finally, UBS Group raised Crocs to a “neutral” rating in a report on Monday, November 12th.
In other news, Director Thomas J. Smach sold 10,000 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $26.71, for a total transaction of $267,100.00. Following the completion of the sale, the director now owns 135,262 shares in the company, valued at $3,612,848.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel P. Hart sold 25,000 shares of the stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $30.00, for a total transaction of $750,000.00. Following the sale, the insider now owns 276,875 shares of the company’s stock, valued at approximately $8,306,250. The disclosure for this sale can be found here. Insiders sold 85,000 shares of company stock worth $2,367,100 in the last three months. 2.10% of the stock is currently owned by corporate insiders.
Shares of CROX stock traded up $0.24 on Friday, reaching $27.86. 1,574,163 shares of the company’s stock were exchanged, compared to its average volume of 1,318,036. Crocs has a 52 week low of $12.02 and a 52 week high of $31.88. The firm has a market capitalization of $1.86 billion, a P/E ratio of -1,393.00, a P/E/G ratio of 1.71 and a beta of 0.67.
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.
Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.