Crocs, Inc. (CROX) Sets New 12-Month High at $9.99
Crocs, Inc. (NASDAQ:CROX) hit a new 52-week high on Tuesday . The company traded as high as $9.99 and last traded at $9.97, with a volume of 376,903 shares trading hands. The stock had previously closed at $9.74.
A number of brokerages recently weighed in on CROX. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $9.00 price objective on shares of Crocs in a research report on Wednesday, August 9th. BidaskClub downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Crocs from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Monday, August 14th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $8.00 price objective (up previously from $7.00) on shares of Crocs in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.75.
The firm has a 50 day moving average of $9.28 and a 200 day moving average of $7.72. The firm’s market capitalization is $686.75 million.
Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, beating 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 business had revenue of $313.20 million for the quarter, compared to the consensus estimate of $311.33 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts forecast that Crocs, Inc. will post ($0.03) EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd increased its holdings in shares of Crocs by 53.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 40,109 shares of the textile maker’s stock valued at $309,000 after acquiring an additional 14,048 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Crocs in the 2nd quarter valued at about $933,000. Public Employees Retirement System of Ohio increased its holdings in shares of Crocs by 12.0% in 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 last quarter. Colony Group LLC increased its holdings in shares of Crocs by 7.1% in the 2nd quarter. Colony Group LLC now owns 198,965 shares of the textile maker’s stock valued at $1,534,000 after acquiring an additional 13,168 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Crocs in the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 88.56% 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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