Piper Jaffray set a $18.00 target price on Crocs (NASDAQ:CROX) in a research report report published on Monday morning. The brokerage currently has a buy rating on the textile maker’s stock. Piper Jaffray also issued estimates for Crocs’ Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.08 EPS, FY2018 earnings at $0.25 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.15 EPS and FY2019 earnings at $0.55 EPS.

CROX has been the subject of a number of other research reports. BidaskClub upgraded Crocs from a buy rating to a strong-buy rating in a report on Wednesday, March 28th. Zacks Investment Research cut Crocs from a hold rating to a sell rating in a report on Monday, March 5th. Buckingham Research cut Crocs from a neutral rating to an underperform rating in a report on Friday, January 5th. Pivotal Research set a $13.00 price objective on Crocs and gave the company a hold rating in a report on Monday, February 26th. Finally, ValuEngine upgraded Crocs from a hold rating to a buy rating in a report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $12.00.

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NASDAQ CROX opened at $16.05 on Monday. Crocs has a fifty-two week low of $5.93 and a fifty-two week high of $17.43.

Crocs (NASDAQ:CROX) last released its earnings results on Wednesday, February 28th. The textile maker reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.04). The company had revenue of $199.11 million for the quarter, compared to the consensus estimate of $196.70 million. Crocs had a net margin of 1.00% and a return on equity of 6.19%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.58) EPS. equities research analysts anticipate that Crocs will post 0.3 earnings per share for the current year.

Crocs announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 28th that permits the company to repurchase $431.00 million in shares. This repurchase authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Several hedge funds have recently modified their holdings of CROX. Millennium Management LLC lifted its holdings in shares of Crocs by 132.6% in the 4th quarter. Millennium Management LLC now owns 1,947,358 shares of the textile maker’s stock worth $24,615,000 after buying an additional 1,110,317 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Crocs in the 4th quarter worth $7,473,000. WINTON GROUP Ltd lifted its holdings in shares of Crocs by 172.3% in the 4th quarter. WINTON GROUP Ltd now owns 828,828 shares of the textile maker’s stock worth $10,476,000 after buying an additional 524,397 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Crocs by 15.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,386,564 shares of the textile maker’s stock worth $42,806,000 after buying an additional 447,624 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Crocs in the 4th quarter worth $5,575,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

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About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

Analyst Recommendations for Crocs (NASDAQ:CROX)

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