Crocs, Inc. (CROX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Crocs, Inc. (NASDAQ:CROX) have received a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8.60.
A number of research firms recently commented on CROX. ValuEngine cut Crocs from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub cut Crocs from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded Crocs from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday, August 14th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a report on Thursday, August 10th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $9.00 price objective on shares of Crocs in a report on Wednesday, August 9th.
A number of large investors have recently added to or reduced their stakes in CROX. Tudor Investment Corp ET AL acquired a new position in Crocs during the second quarter worth $100,000. BlueCrest Capital Management Ltd acquired a new position in Crocs during the second quarter worth $110,000. Capital Fund Management S.A. acquired a new position in Crocs during the first quarter worth $111,000. State of Alaska Department of Revenue lifted its stake in Crocs by 79.0% during the second quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock worth $112,000 after purchasing an additional 6,453 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Crocs during the first quarter worth $113,000. Institutional investors own 88.59% of the company’s stock.
Shares of Crocs (NASDAQ:CROX) traded down 2.19% during midday trading on Friday, hitting $9.37. The company had a trading volume of 1,200,762 shares. The company has a 50-day moving average of $8.59 and a 200-day moving average of $7.28. The company’s market capitalization is $672.40 million. Crocs has a 12 month low of $5.93 and a 12 month high of $9.70.
Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The firm had revenue of $313.20 million for the quarter, compared to analysts’ expectations of $311.33 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts predict that Crocs will post ($0.03) earnings per share for the current year.
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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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