Somewhat Positive Media Coverage Somewhat Unlikely to Impact Crocs (CROX) Stock Price
Media stories about Crocs (NASDAQ:CROX) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crocs earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.1056838682758 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Crocs, Inc. (CROX) Now Covered by Pivotal Research (americanbankingnews.com)
- Zacks.com featured highlights include article Crocs, Guess', Craft Brew Alliance, McCormick & Company and Pilgrim's Pride (finance.yahoo.com)
- 4 Top Liquid Stocks for a Winning Portfolio (finance.yahoo.com)
- Consumer Space Looks Chic: Buy PVH Corp (PVH) to Gain Share (finance.yahoo.com)
- Don't Panic About Market Volatility: Buy 5 Low-Beta Stocks (finance.yahoo.com)
Crocs (NASDAQ CROX) traded up 0.52% during midday trading on Friday, reaching $9.70. 372,767 shares of the company’s stock traded hands. The company’s market cap is $696.08 million. The stock has a 50-day moving average of $9.18 and a 200 day moving average of $7.63. Crocs has a 52-week low of $5.93 and a 52-week high of $9.90.
Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $313.20 million during the quarter, compared to analyst estimates of $311.33 million. Crocs had a negative net margin of 0.91% and a negative return on equity of 3.36%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. On average, analysts anticipate that Crocs will post ($0.03) earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. BidaskClub cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, August 14th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Crocs in a research report on Thursday, August 10th. TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. Finally, Pivotal Research assumed coverage on shares of Crocs in a research report on Thursday. They issued a “hold” rating and a $9.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Crocs currently has a consensus rating of “Hold” and a consensus price target of $8.75.
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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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