Analysts Set Crocs Inc. (NASDAQ:CROX) PT at $10.14
Crocs Inc. (NASDAQ:CROX) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.67.
A number of equities analysts have recently issued reports on CROX shares. B. Riley reissued a “neutral” rating and set a $8.00 price objective on shares of Crocs in a research report on Tuesday, August 9th. Zacks Investment Research cut shares of Crocs from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. TheStreet raised shares of Crocs from a “sell” rating to a “hold” rating in a research report on Monday, June 6th. Susquehanna started coverage on shares of Crocs in a research report on Friday, August 12th. They set a “neutral” rating and a $9.50 price objective on the stock. Finally, Piper Jaffray Cos. reissued a “hold” rating and set a $8.00 price objective on shares of Crocs in a research report on Monday, September 12th.
Crocs (NASDAQ:CROX) opened at 8.30 on Friday. The company’s 50-day moving average price is $8.53 and its 200-day moving average price is $9.63. Crocs has a 12-month low of $7.63 and a 12-month high of $12.54. The company’s market cap is $609.93 million.
Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. The company had revenue of $323.80 million for the quarter, compared to the consensus estimate of $348.46 million. Crocs had a negative return on equity of 16.50% and a negative net margin of 6.31%. Crocs’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. Equities analysts anticipate that Crocs will post ($0.03) earnings per share for the current year.
In other news, CFO Carrie W. Teffner acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was purchased at an average price of $8.85 per share, for a total transaction of $66,375.00. Following the purchase, the chief financial officer now owns 349,188 shares in the company, valued at approximately $3,090,313.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. PineBridge Investments L.P. raised its stake in Crocs by 7.5% in the second quarter. PineBridge Investments L.P. now owns 9,303 shares of the company’s stock valued at $105,000 after buying an additional 647 shares during the period. Public Employees Retirement System of Ohio raised its stake in Crocs by 14.8% in the second quarter. Public Employees Retirement System of Ohio now owns 9,506 shares of the company’s stock valued at $107,000 after buying an additional 1,229 shares during the period. Geduld E E purchased a new stake in Crocs during the second quarter valued at approximately $113,000. Teacher Retirement System of Texas raised its stake in Crocs by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 10,314 shares of the company’s stock valued at $116,000 after buying an additional 1,247 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Crocs by 6.8% in the second quarter. Hsbc Holdings PLC now owns 11,350 shares of the company’s stock valued at $128,000 after buying an additional 722 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.
Crocs, Inc is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s segments include Americas, Asia Pacific and Europe. The Americas segment consists of the product sales in the North and South America geographic regions.
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