Crocs, Inc. (NASDAQ:CROX) Rating Reiterated by Susquehanna Bancshares Inc
Crocs, Inc. (NASDAQ:CROX)‘s stock had its “positive” rating reiterated by research analysts at Susquehanna Bancshares Inc in a report released on Thursday. They currently have a $8.00 price objective on the textile maker’s stock, up from their previous price objective of $7.00. Susquehanna Bancshares Inc’s price target would indicate a potential downside of 10.11% from the company’s previous close.
CROX has been the subject of several other reports. Stifel Nicolaus reiterated a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a research report on Saturday, July 22nd. TheStreet upgraded Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered Crocs from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $9.00 price objective on shares of Crocs in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Crocs currently has a consensus rating of “Hold” and an average target price of $8.25.
Crocs (NASDAQ:CROX) traded up 4.71% during trading on Thursday, reaching $8.90. The company had a trading volume of 2,591,342 shares. The firm’s market capitalization is $659.35 million. Crocs has a 52 week low of $5.93 and a 52 week high of $9.16. The company’s 50-day moving average is $7.72 and its 200 day moving average is $6.98.
Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, topping 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 negative return on equity of 4.89% and a negative net margin of 1.52%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. Equities analysts anticipate that Crocs will post ($0.04) EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of CROX. AQR Capital Management LLC acquired a new position in shares of Crocs during the fourth quarter valued at $626,000. Ameriprise Financial Inc. raised its position in shares of Crocs by 1.5% in the first quarter. Ameriprise Financial Inc. now owns 1,003,918 shares of the textile maker’s stock valued at $7,097,000 after buying an additional 15,030 shares during the last quarter. State Street Corp raised its position in shares of Crocs by 7.3% in the fourth quarter. State Street Corp now owns 1,622,735 shares of the textile maker’s stock valued at $11,131,000 after buying an additional 109,721 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Crocs during the fourth quarter valued at $914,000. Finally, Great West Life Assurance Co. Can raised its position in Crocs by 7.4% in 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 buying an additional 7,353 shares in the last quarter. Institutional investors own 90.18% of the company’s stock.
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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