Crocs, Inc. (NASDAQ:CROX) Earns “Hold” Rating from Piper Jaffray Companies
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Crocs from a hold rating to a strong sell rating in a report on Tuesday, May 9th. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $7.00 price target (up previously from $6.00) on shares of Crocs in a report on Friday, May 12th. TheStreet upgraded shares of Crocs from a d rating to a c- rating in a report on Wednesday, June 21st. BidaskClub lowered shares of Crocs from a buy rating to a hold rating in a report on Wednesday, July 12th. Finally, B. Riley reiterated a neutral rating and issued a $8.00 price target on shares of Crocs in a report on Saturday, May 13th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Crocs currently has a consensus rating of Hold and a consensus target price of $8.25.
Crocs (NASDAQ CROX) traded up 0.332% on Friday, reaching $7.565. The company had a trading volume of 351,197 shares. Crocs has a 52-week low of $5.93 and a 52-week high of $12.31. The stock has a 50 day moving average price of $6.99 and a 200 day moving average price of $6.84. The stock’s market capitalization is $560.45 million.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Wednesday, May 10th. The textile maker reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.08. The company had revenue of $267.90 million for the quarter, compared to analyst estimates of $258.10 million. Crocs had a negative net margin of 1.52% and a negative return on equity of 4.89%. Crocs’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. Analysts expect that Crocs will post ($0.04) EPS for the current year.
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Several institutional investors have recently bought and sold shares of CROX. Louisiana State Employees Retirement System raised its position in Crocs by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the textile maker’s stock valued at $233,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue raised its position in Crocs by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock valued at $112,000 after buying an additional 6,453 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Crocs during the second quarter valued at $172,000. Colony Group LLC raised its position in Crocs by 62.2% in the first quarter. Colony Group LLC now owns 185,797 shares of the textile maker’s stock valued at $1,314,000 after buying an additional 71,267 shares during the last quarter. Finally, Ironwood Investment Management LLC raised its position in Crocs by 2.4% in the first quarter. Ironwood Investment Management LLC now owns 47,402 shares of the textile maker’s stock valued at $335,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 90.96% of the company’s stock.
Crocs Company Profile
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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