Crocs, Inc. (NASDAQ:CROX) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
A number of other research firms have also recently weighed in on CROX. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research report on Friday. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $8.00 price objective (up from $7.00) on shares of Crocs in a research report on Thursday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $9.00 price objective on shares of Crocs in a research report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $8.00 price objective (up from $7.00) on shares of Crocs in a research report on Saturday, July 22nd. Finally, TheStreet raised Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Crocs presently has a consensus rating of “Hold” and a consensus target price of $8.25.
Shares of Crocs (CROX) traded up 4.16% during midday trading on Friday, hitting $9.27. The stock had a trading volume of 1,267,321 shares. Crocs has a 12 month low of $5.93 and a 12 month high of $9.33. The firm’s market cap is $685.54 million. The stock’s 50 day moving average price is $7.77 and its 200 day moving average price is $7.00.
Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $313.20 million for the quarter, compared to analysts’ expectations of $311.33 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities analysts forecast that Crocs will post ($0.03) EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of CROX. Capital Fund Management S.A. acquired a new stake in shares of Crocs during the first quarter valued at about $111,000. State of Alaska Department of Revenue increased its stake in Crocs by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock worth $112,000 after buying an additional 6,453 shares during the last quarter. Jane Street Group LLC purchased a new stake in Crocs during the first quarter worth about $113,000. Karp Capital Management Corp purchased a new stake in Crocs during the first quarter worth about $118,000. Finally, Teza Capital Management LLC purchased a new stake in Crocs during the first quarter worth about $122,000. 90.18% of the stock is currently owned by institutional investors.
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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