Crocs, Inc. (NASDAQ:CROX)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a research note issued to investors on Saturday, July 22nd. They currently have a $8.00 price target on the textile maker’s stock, up from their previous price target of $7.00. Stifel Nicolaus’ target price would indicate a potential downside of 9.91% from the company’s previous close.
Several other brokerages have also recently issued reports on CROX. Piper Jaffray Companies reiterated a “hold” rating and issued a $7.00 price objective on shares of Crocs in a research note on Friday, July 14th. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet raised Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $7.00 target price (up previously from $6.00) on shares of Crocs in a report on Friday, May 12th. Finally, B. Riley reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Crocs in a report on Saturday, May 13th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Crocs has an average rating of “Buy” and an average target price of $8.60.
Crocs (CROX) traded down 3.37% on Friday, reaching $8.88. The company’s stock had a trading volume of 1,465,677 shares. The firm’s market capitalization is $637.24 million. The company has a 50 day moving average of $8.06 and a 200 day moving average of $7.09. Crocs has a 52 week low of $5.93 and a 52 week high of $9.70.
Crocs (NASDAQ:CROX) last released its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, topping 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 company 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 earned $0.16 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, analysts forecast that Crocs will post ($0.03) earnings per share for the current year.
Several large investors have recently bought and sold shares of CROX. Capital Fund Management S.A. bought a new stake in Crocs during the first quarter worth about $111,000. Great West Life Assurance Co. Can increased 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 during the last quarter. Russell Investments Group Ltd. increased 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 during the last quarter. Profit Investment Management LLC increased 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 during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake 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 worth $212,000 after buying an additional 400 shares during the last quarter. Institutional investors own 90.27% of the company’s stock.
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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