Crocs Inc. (CROX) Expected to Earn Q4 2016 Earnings of ($0.37) Per Share
Crocs Inc. (NASDAQ:CROX) – Research analysts at B. Riley decreased their Q4 2016 earnings per share (EPS) estimates for shares of Crocs in a report issued on Wednesday. B. Riley analyst M. Kummetz now expects that the brokerage will post earnings of ($0.37) per share for the quarter, down from their previous estimate of ($0.25). B. Riley currently has a “Neutral” rating and a $7.00 price target on the stock. B. Riley also issued estimates for Crocs’ FY2017 earnings at $0.07 EPS and FY2018 earnings at $0.30 EPS.
Other analysts have also recently issued research reports about the stock. Monness Crespi & Hardt decreased their price target on shares of Crocs from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of Crocs from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Piper Jaffray Cos. reiterated a “hold” rating and set a $8.00 price target on shares of Crocs in a research note on Monday, September 12th. Susquehanna started coverage on shares of Crocs in a research note on Friday, August 12th. They set a “neutral” rating and a $9.50 price target for the company. Finally, TheStreet cut shares of Crocs from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.86.
Crocs (NASDAQ:CROX) opened at 8.38 on Monday. Crocs has a 52-week low of $6.79 and a 52-week high of $12.53. The company’s 50-day moving average is $8.08 and its 200-day moving average is $9.33. The firm’s market capitalization is $616.32 million.
Crocs (NASDAQ:CROX) last released its earnings results on Wednesday, November 9th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $245.90 million for the quarter, compared to analysts’ expectations of $251.23 million. Crocs had a negative return on equity of 10.92% and a negative net margin of 4.35%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.37) EPS.
Institutional investors have recently bought and sold shares of the stock. PineBridge Investments L.P. increased its position 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 increased its position 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 acquired a new position in Crocs during the second quarter valued at $113,000. Teacher Retirement System of Texas increased its position 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 increased its position 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 99.31% of the company’s stock.
In related news, CFO Carrie W. Teffner purchased 7,500 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was acquired at an average price of $8.85 per share, for a total transaction of $66,375.00. Following the acquisition, the chief financial officer now directly owns 349,188 shares of the company’s stock, valued at approximately $3,090,313.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.
Crocs Company Profile
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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