Crocs Upgraded to “Strong-Buy” at CL King (CROX)
Crocs (NASDAQ:CROX) was upgraded by equities researchers at CL King from a “neutral” rating to a “strong-buy” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
Shares of Crocs (NASDAQ:CROX) traded up 1.62% during mid-day trading on Thursday, hitting $15.04. The stock had a trading volume of 601,763 shares. Crocs has a 1-year low of $11.96 and a 1-year high of $17.95. The stock’s 50-day moving average is $14.9 and its 200-day moving average is $14.52. The company’s market cap is $1.316 billion.
Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.03. The company had revenue of $312.40 million for the quarter, compared to the consensus estimate of $311.01 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts predict that Crocs will post $0.49 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CROX. Analysts at Zacks upgraded shares of Crocs from an “underperform” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $15.50 price target on the stock. Analysts at Buckingham Research initiated coverage on shares of Crocs in a research note on Thursday, April 10th. They set a “buy” rating and a $20.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $16.81.
Crocs, Inc is a designer, manufacturer and distributor of footwear and accessories for men, women and children.
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