Crocs, Inc. (CROX) Receives Consensus Recommendation of “Hold” from Analysts
Crocs, Inc. (NASDAQ:CROX) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.33.
A number of research firms recently commented on CROX. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $7.00 target price (up from $6.00) on shares of Crocs in a report on Friday, May 12th. B. Riley restated a “neutral” rating and set a $8.00 price target on shares of Crocs in a report on Saturday, May 13th. TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. Piper Jaffray Companies restated a “hold” rating and set a $7.00 price target on shares of Crocs in a report on Friday, July 14th. Finally, BidaskClub lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.
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Several large investors have recently added to or reduced their stakes in CROX. Great West Life Assurance Co. Can raised its stake in Crocs by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 106,681 shares of the textile maker’s stock worth $754,000 after buying an additional 7,353 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Crocs by 46.7% in the first quarter. Russell Investments Group Ltd. now owns 168,397 shares of the textile maker’s stock worth $1,190,000 after buying an additional 53,636 shares in the last quarter. Profit Investment Management LLC raised its stake in Crocs by 9.9% in the first quarter. Profit Investment Management LLC now owns 152,970 shares of the textile maker’s stock worth $1,081,000 after buying an additional 13,761 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Crocs by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the textile maker’s stock valued at $212,000 after buying an additional 400 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Crocs by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 119,613 shares of the textile maker’s stock valued at $821,000 after buying an additional 4,800 shares in the last quarter. Institutional investors and hedge funds own 90.96% of the company’s stock.
Shares of Crocs (NASDAQ CROX) traded up 0.13% during mid-day trading on Friday, reaching $7.79. 855,030 shares of the company were exchanged. The company’s 50 day moving average price is $7.40 and its 200 day moving average price is $6.90. The firm’s market capitalization is $577.11 million. Crocs has a 12 month low of $5.93 and a 12 month high of $11.74.
Crocs (NASDAQ:CROX) last released its earnings results on Wednesday, May 10th. The textile maker reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Crocs had a negative net margin of 1.52% and a negative return on equity of 4.89%. The business had revenue of $267.90 million for the quarter, compared to the consensus estimate of $258.10 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts anticipate that Crocs will post ($0.04) earnings per share for the current year.
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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