Shares of Crocs Inc. (NASDAQ:CROX) have earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $10.14.
Several research analysts have recently weighed in on CROX shares. B. Riley reiterated a “neutral” rating and issued a $8.00 price target on shares of Crocs in a report on Tuesday, August 9th. Zacks Investment Research cut shares of Crocs from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. TheStreet upgraded shares of Crocs from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Susquehanna started coverage on shares of Crocs in a report on Friday, August 12th. They issued a “neutral” rating and a $9.50 price target for the company. Finally, Piper Jaffray Cos. reiterated a “hold” rating and issued a $8.00 price target on shares of Crocs in a report on Monday, September 12th.
Crocs (NASDAQ:CROX) traded up 0.423% on Friday, reaching $8.315. 324,941 shares of the company were exchanged. The firm’s market capitalization is $611.03 million. Crocs has a 12-month low of $7.63 and a 12-month high of $12.54. The stock has a 50 day moving average of $8.54 and a 200 day moving average of $9.64.
Crocs (NASDAQ:CROX) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The company earned $323.80 million during the quarter, compared to analyst estimates of $348.46 million. Crocs had a negative net margin of 6.31% and a negative return on equity of 16.50%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Equities analysts anticipate that Crocs will post ($0.03) EPS for the current year.
In other news, CFO Carrie W. Teffner purchased 7,500 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were purchased at an average cost of $8.85 per share, with a total value of $66,375.00. Following the completion of the transaction, the chief financial officer now owns 349,188 shares of the company’s stock, valued at approximately $3,090,313.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new stake in Crocs during the first quarter valued at about $134,000. JPMorgan Chase & Co. raised its position in shares of Crocs by 7.2% in the first quarter. JPMorgan Chase & Co. now owns 4,897,096 shares of the company’s stock valued at $47,110,000 after buying an additional 328,948 shares during the last quarter. Bogle Investment Management L P DE bought a new position in shares of Crocs during the first quarter valued at $1,419,000. Royal Bank of Canada raised its position in shares of Crocs by 10.4% in the first quarter. Royal Bank of Canada now owns 14,473 shares of the company’s stock valued at $139,000 after buying an additional 1,365 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Crocs by 55.6% in the first quarter. Renaissance Technologies LLC now owns 383,000 shares of the company’s stock valued at $3,684,000 after buying an additional 136,832 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.
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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