Crocs Inc. (CROX) Trading Down 2.8%
Crocs Inc. (NASDAQ:CROX)’s share price dropped 2.8% on Tuesday . The company traded as low as $8.79 and last traded at $8.80, with a volume of 339,278 shares traded. The stock had previously closed at $9.05.
CROX has been the topic of a number of research reports. Sterne Agee CRT raised shares of Crocs from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 10th. Zacks Investment Research raised shares of Crocs from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. TheStreet raised shares of Crocs from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $8.00 price target (down from $10.00) on shares of Crocs in a research note on Thursday, August 4th. Finally, Susquehanna initiated coverage on shares of Crocs in a research note on Friday, August 12th. They issued a “neutral” rating and a $9.50 price target on the stock. Two 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 company has a consensus rating of “Hold” and a consensus price target of $11.25.
The stock’s 50 day moving average is $9.99 and its 200 day moving average is $9.81. The firm’s market cap is $647.40 million.
Crocs (NASDAQ:CROX) last announced 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 previous year, the firm posted $0.11 EPS. The business had revenue of $323.80 million for the quarter, compared to analysts’ expectations of $348.46 million. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts predict that Crocs Inc. will post ($0.03) EPS for the current year.
In other news, CFO Carrie W. Teffner purchased 7,500 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was bought at an average price of $8.85 per share, with a total value of $66,375.00. Following the acquisition, the chief financial officer now owns 349,188 shares in the company, valued at approximately $3,090,313.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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