Wall Street analysts expect Crocs, Inc. (NASDAQ:CROX) to report sales of $196.50 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Crocs’ earnings, with the lowest sales estimate coming in at $196.00 million and the highest estimate coming in at $197.00 million. Crocs reported sales of $187.42 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, February 28th.
On average, analysts expect that Crocs will report full year sales of $196.50 million for the current fiscal year. For the next fiscal year, analysts forecast that the business will report sales of $1.02 billion per share. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Crocs.
CROX has been the topic of several recent research reports. BidaskClub lowered Crocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Stifel Nicolaus upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded Crocs from a “sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, January 9th. Piper Jaffray Companies set a $12.00 price objective on Crocs and gave the company a “hold” rating in a research report on Monday, January 8th. Finally, ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Crocs has an average rating of “Hold” and a consensus target price of $10.67.
A number of hedge funds have recently modified their holdings of CROX. Tudor Investment Corp ET AL purchased a new stake in Crocs during the 2nd quarter valued at about $100,000. BlueCrest Capital Management Ltd purchased a new stake in Crocs during the 2nd quarter valued at about $110,000. Public Employees Retirement System of Ohio boosted its holdings in Crocs by 12.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock valued at $114,000 after acquiring an additional 1,586 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Crocs during the 2nd quarter valued at about $124,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Crocs during the 2nd quarter valued at about $133,000. Institutional investors own 91.56% of the company’s stock.
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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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