Piper Jaffray Companies set a $31.00 price objective on Crocs (NASDAQ:CROX) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the textile maker’s stock. Piper Jaffray Companies also issued estimates for Crocs’ Q4 2018 earnings at ($0.22) EPS, FY2018 earnings at $0.54 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at ($0.11) EPS and FY2019 earnings at $1.02 EPS.

Other research analysts have also issued research reports about the company. TheStreet raised Crocs from a c+ rating to a b rating in a report on Thursday, August 9th. Pivotal Research reaffirmed a buy rating and set a $21.00 price objective on shares of Crocs in a report on Tuesday, August 7th. BidaskClub raised Crocs from a hold rating to a buy rating in a report on Saturday, September 15th. Zacks Investment Research raised Crocs from a hold rating to a buy rating and set a $22.00 price objective on the stock in a report on Tuesday, October 9th. Finally, Susquehanna Bancshares raised Crocs from a negative rating to a neutral rating in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Crocs has a consensus rating of Buy and a consensus price target of $19.43.

NASDAQ:CROX opened at $26.31 on Tuesday. The company has a market capitalization of $1.82 billion, a PE ratio of -1,315.50, a P/E/G ratio of 5.25 and a beta of 0.64. Crocs has a 12-month low of $10.55 and a 12-month high of $29.80.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, November 8th. The textile maker reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.09. Crocs had a return on equity of 17.27% and a net margin of 3.08%. The firm had revenue of $261.10 million for the quarter, compared to analyst estimates of $246.47 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Crocs’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Crocs will post -0.02 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its position in Crocs by 2.4% during the third quarter. Teachers Advisors LLC now owns 142,488 shares of the textile maker’s stock worth $3,034,000 after purchasing an additional 3,319 shares in the last quarter. United Services Automobile Association boosted its position in Crocs by 29.3% during the second quarter. United Services Automobile Association now owns 14,756 shares of the textile maker’s stock worth $260,000 after purchasing an additional 3,347 shares in the last quarter. Chicago Equity Partners LLC boosted its position in Crocs by 9.5% during the third quarter. Chicago Equity Partners LLC now owns 41,790 shares of the textile maker’s stock worth $890,000 after purchasing an additional 3,620 shares in the last quarter. LPL Financial LLC boosted its position in Crocs by 36.0% during the third quarter. LPL Financial LLC now owns 14,950 shares of the textile maker’s stock worth $318,000 after purchasing an additional 3,955 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Crocs by 133.5% during the third quarter. Pacer Advisors Inc. now owns 9,556 shares of the textile maker’s stock worth $203,000 after purchasing an additional 5,463 shares in the last quarter.

Crocs Company Profile

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.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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