Crocs, Inc. (NASDAQ:CROX) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.60.
Several equities analysts have recently issued reports on the company. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research raised Crocs from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, August 14th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $8.00 target price (up from $7.00) on shares of Crocs in a report on Thursday, August 10th. TheStreet raised Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. Finally, ValuEngine lowered Crocs from a “hold” rating to a “sell” rating in a report on Friday, September 1st.
Shares of Crocs (NASDAQ CROX) traded down 1.573% on Friday, hitting $9.075. The stock had a trading volume of 487,828 shares. The company has a 50-day moving average of $8.69 and a 200 day moving average of $7.32. The company’s market capitalization is $651.23 million. Crocs has a 52 week low of $5.93 and a 52 week high of $9.70.
Crocs (NASDAQ:CROX) last released its earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $313.20 million during the quarter, compared to analyst estimates of $311.33 million. Crocs had a return on equity of 25.41% and a net margin of 7.01%. Crocs’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts predict that Crocs will post ($0.03) EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in CROX. Teachers Advisors LLC grew its holdings in Crocs by 4.2% during the fourth quarter. Teachers Advisors LLC now owns 119,613 shares of the textile maker’s stock valued at $821,000 after purchasing an additional 4,800 shares during the period. Louisiana State Employees Retirement System grew its holdings in Crocs by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the textile maker’s stock valued at $212,000 after purchasing an additional 400 shares during the period. Russell Investments Group Ltd. grew its holdings in Crocs by 46.7% during the first quarter. Russell Investments Group Ltd. now owns 168,397 shares of the textile maker’s stock valued at $1,190,000 after purchasing an additional 53,636 shares during the period. Great West Life Assurance Co. Can grew its holdings in Crocs by 7.4% during the first quarter. Great West Life Assurance Co. Can now owns 106,681 shares of the textile maker’s stock valued at $754,000 after purchasing an additional 7,353 shares during the period. Finally, Capital Fund Management S.A. bought a new position in Crocs during the first quarter valued at $111,000. 88.59% of the stock is owned by institutional investors and hedge funds.
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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