Crocs, Inc. (CROX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Crocs, Inc. (NASDAQ:CROX) have earned an average recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.60.
CROX has been the topic of several recent research reports. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Stifel Nicolaus restated a “hold” rating and issued a $8.00 price target (up from $7.00) on shares of Crocs in a research report on Saturday, July 22nd. ValuEngine lowered Crocs from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. TheStreet upgraded Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $8.00 price target (up from $7.00) on shares of Crocs in a research report on Thursday, August 10th.
Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in Crocs by 1.5% during the first quarter. Ameriprise Financial Inc. now owns 1,003,918 shares of the textile maker’s stock worth $7,097,000 after acquiring an additional 15,030 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Crocs by 60.8% during the second quarter. Russell Investments Group Ltd. now owns 270,775 shares of the textile maker’s stock worth $2,088,000 after acquiring an additional 102,378 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Crocs by 7.4% during the first quarter. Great West Life Assurance Co. Can now owns 106,681 shares of the textile maker’s stock worth $754,000 after acquiring an additional 7,353 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Crocs by 53.1% during the first quarter. Renaissance Technologies LLC now owns 2,127,636 shares of the textile maker’s stock worth $15,042,000 after acquiring an additional 737,636 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Crocs by 37.6% during the first quarter. Morgan Stanley now owns 1,327,853 shares of the textile maker’s stock worth $9,388,000 after acquiring an additional 362,712 shares in the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.
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Shares of Crocs (NASDAQ CROX) traded up 0.41% during midday trading on Wednesday, hitting $9.70. The stock had a trading volume of 1,210,420 shares. The firm’s 50-day moving average price is $9.17 and its 200-day moving average price is $7.61. Crocs has a one year low of $5.93 and a one year high of $9.90. The firm’s market capitalization is $696.08 million.
Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $313.20 million for the quarter, compared to analyst estimates of $311.33 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue was down 3.3% on a year-over-year basis. On average, equities analysts predict that Crocs will post ($0.03) EPS for the current year.
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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