Crocs, Inc. (CROX) Receives $8.60 Consensus PT from Brokerages
Shares of Crocs, Inc. (NASDAQ:CROX) have received a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $8.60.
CROX has been the topic of several recent research reports. TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a research report on Saturday, July 22nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $7.00 price objective on shares of Crocs in a research report on Friday, July 14th. BidaskClub downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a research report on Thursday, August 10th.
Crocs (NASDAQ CROX) traded down 1.27% on Friday, reaching $9.31. 491,505 shares of the company traded hands. Crocs has a 12 month low of $5.93 and a 12 month high of $9.70. The company has a 50-day moving average price of $8.61 and a 200-day moving average price of $7.29. The company’s market capitalization is $668.09 million.
Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The firm had revenue of $313.20 million for the quarter, compared to the consensus estimate of $311.33 million. Crocs had a negative net margin of 0.91% and a negative return on equity of 3.36%. Crocs’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. Equities research analysts expect that Crocs will post ($0.03) EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL bought a new stake in shares of Crocs during the 2nd quarter worth about $100,000. BlueCrest Capital Management Ltd bought a new stake in shares of Crocs during the 2nd quarter worth about $110,000. Capital Fund Management S.A. bought a new stake in shares of Crocs during the 1st quarter worth about $111,000. State of Alaska Department of Revenue raised its position in shares of Crocs by 79.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock worth $112,000 after buying an additional 6,453 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Crocs during the 1st quarter worth about $113,000. Institutional investors own 88.59% of the company’s stock.
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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