Crocs, Inc. (CROX) Receives Consensus Rating of “Hold” from Brokerages

Crocs, Inc. (NASDAQ:CROX) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.20.

A number of equities research analysts have issued reports on CROX shares. Stifel Nicolaus raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, December 15th. ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Crocs from a “hold” rating to a “sell” rating in a report on Friday, January 5th. BidaskClub raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Finally, Buckingham Research lowered shares of Crocs from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th.

Several hedge funds have recently bought and sold shares of CROX. Tudor Investment Corp ET AL purchased a new position in shares of Crocs in the second quarter valued at $100,000. BlueCrest Capital Management Ltd purchased a new position in shares of Crocs in the second quarter valued at $110,000. Public Employees Retirement System of Ohio grew its holdings in shares of Crocs by 12.0% in the second quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 1,586 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Crocs in the second quarter valued at $124,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Crocs in the second quarter valued at $133,000. 92.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Crocs (NASDAQ CROX) traded up $0.13 on Tuesday, reaching $13.00. 929,541 shares of the company’s stock were exchanged, compared to its average volume of 1,089,942. Crocs has a twelve month low of $5.93 and a twelve month high of $14.47. The stock has a market cap of $938.43, a price-to-earnings ratio of -37.14, a P/E/G ratio of 2.87 and a beta of 0.47.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, November 7th. The textile maker reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Crocs had a negative net margin of 0.60% and a negative return on equity of 0.42%. The business had revenue of $243.27 million during the quarter, compared to analyst estimates of $236.90 million. sell-side analysts expect that Crocs will post -0.05 earnings per share for the current fiscal 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.

Analyst Recommendations for Crocs (NASDAQ:CROX)

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