Crocs, Inc. (NASDAQ:CROX)‘s stock had its “hold” rating reissued by analysts at Piper Jaffray Companies in a research note issued on Friday, July 14th. They presently have a $7.00 target price on the textile maker’s stock. Piper Jaffray Companies’ target price indicates a potential downside of 24.00% from the company’s current price.
Several other equities analysts also recently weighed in on CROX. B. Riley restated a “neutral” rating and set a $8.00 target price on shares of Crocs in a report on Monday, May 8th. Zacks Investment Research downgraded shares of Crocs from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $7.00 target price (up from $6.00) on shares of Crocs in a report on Friday, May 12th. TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. Finally, BidaskClub downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.25.
Crocs (NASDAQ CROX) traded up 3.48% on Friday, reaching $9.21. 3,414,626 shares of the company were exchanged. The stock has a 50-day moving average price of $7.82 and a 200 day moving average price of $7.01. Crocs has a 52 week low of $5.93 and a 52 week high of $9.54. The stock’s market capitalization is $660.92 million.
Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.12. Crocs had a negative net margin of 0.91% and a negative return on equity of 3.36%. The firm had revenue of $313.20 million during the quarter, compared to analysts’ expectations of $311.33 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Analysts forecast that Crocs will post ($0.03) earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of CROX. Capital Fund Management S.A. purchased a new position in Crocs during the first quarter worth approximately $111,000. State of Alaska Department of Revenue boosted its position in Crocs by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock worth $112,000 after buying an additional 6,453 shares during the last quarter. Jane Street Group LLC purchased a new position in Crocs during the first quarter worth approximately $113,000. Karp Capital Management Corp purchased a new position in Crocs during the first quarter worth approximately $118,000. Finally, Teza Capital Management LLC purchased a new position in Crocs during the first quarter worth approximately $122,000. 90.18% of the stock is currently owned by institutional investors and hedge funds.
About Crocs
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.
Receive News & Ratings for Crocs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
