Somewhat Favorable News Coverage Somewhat Unlikely to Affect Crocs (CROX) Stock Price
Media headlines about Crocs (NASDAQ:CROX) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crocs earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 45.2733407731005 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
CROX has been the subject of a number of research analyst reports. ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 price target on shares of Crocs in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and issued a $8.00 price target (up from $7.00) on shares of Crocs in a research report on Saturday, July 22nd. Finally, TheStreet raised shares of Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Crocs presently has a consensus rating of “Hold” and an average target price of $8.60.
Crocs (CROX) traded up 1.32% during mid-day trading on Monday, hitting $9.22. 106,286 shares of the stock were exchanged. The firm has a 50-day moving average price of $8.79 and a 200-day moving average price of $7.37. The stock’s market capitalization is $661.64 million. Crocs has a 12-month low of $5.93 and a 12-month high of $9.70.
Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $313.20 million for the quarter, compared to analysts’ expectations of $311.33 million. During the same quarter in the previous year, the business posted $0.16 EPS. Crocs’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts predict that Crocs will post ($0.03) earnings per share for the current fiscal year.
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Crocs Company Profile
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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