Crocs Inc. (CROX) Sees Strong Trading Volume
Crocs Inc. (NASDAQ:CROX) shares saw unusually-high trading volume on Thursday . Approximately 2,958,804 shares were traded during mid-day trading, an increase of 148% from the previous session’s volume of 1,193,210 shares.The stock last traded at $8.44 and had previously closed at $8.44.
CROX has been the topic of a number of research reports. Sterne Agee CRT upgraded Crocs from a “neutral” rating to a “buy” rating in a report on Tuesday, May 10th. Monness Crespi & Hardt lowered their price target on Crocs from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday. TheStreet raised Crocs from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Zacks Investment Research raised Crocs from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Robert W. Baird reissued a “hold” rating on shares of Crocs in a research note on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.79.
The stock has a 50 day moving average price of $11.16 and a 200 day moving average price of $9.84. The company’s market capitalization is $611.72 million.
Crocs (NASDAQ:CROX) last issued its earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. During the same quarter in the prior year, the business posted $0.11 EPS. The business earned $323.80 million during the quarter, compared to analysts’ expectations of $348.46 million. The company’s revenue was down 6.3% on a year-over-year basis. Equities analysts forecast that Crocs Inc. will post $0.11 EPS for the current fiscal year.
Several large investors have added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Crocs by 6.4% in the fourth quarter. Rhumbline Advisers now owns 105,612 shares of the company’s stock worth $1,081,000 after buying an additional 6,340 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Crocs by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 142,705 shares of the company’s stock worth $1,461,000 after buying an additional 2,306 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in shares of Crocs during the fourth quarter worth about $1,976,000. New York State Common Retirement Fund raised its stake in shares of Crocs by 30.5% in the fourth quarter. New York State Common Retirement Fund now owns 249,484 shares of the company’s stock worth $2,555,000 after buying an additional 58,249 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Crocs by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 364,000 shares of the company’s stock worth $3,727,000 after buying an additional 6,700 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.