Other analysts also recently issued research reports about the company. BidaskClub upgraded Crocs from a hold rating to a buy rating in a research report on Friday, September 13th. Pivotal Research restated a buy rating on shares of Crocs in a research report on Friday, August 2nd. Stifel Nicolaus boosted their target price on Crocs from $21.00 to $23.00 and gave the stock a hold rating in a research report on Friday, August 2nd. Robert W. Baird upgraded Crocs from a neutral rating to an outperform rating and set a $29.00 target price for the company in a research report on Friday, June 21st. Finally, ValuEngine upgraded Crocs from a sell rating to a hold rating in a research report on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Crocs has an average rating of Buy and an average target price of $31.57.
Shares of NASDAQ CROX opened at $27.01 on Wednesday. Crocs has a 12 month low of $17.52 and a 12 month high of $31.88. The company has a current ratio of 1.74, a quick ratio of 1.22 and a debt-to-equity ratio of 3.03. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 1.34 and a beta of 0.99. The business has a 50-day moving average of $24.75 and a 200-day moving average of $23.67.
Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 1st. The textile maker reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. The company had revenue of $358.90 million during the quarter, compared to the consensus estimate of $360.46 million. Crocs had a return on equity of 47.15% and a net margin of 5.61%. Crocs’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. On average, analysts predict that Crocs will post 1.42 earnings per share for the current year.
In other Crocs news, Director Doreen A. Wright sold 7,068 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.00, for a total value of $183,768.00. Following the completion of the sale, the director now owns 55,680 shares in the company, valued at $1,447,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.42% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CROX. Marshall Wace LLP lifted its position in Crocs by 95.0% in the first quarter. Marshall Wace LLP now owns 1,739,464 shares of the textile maker’s stock valued at $44,790,000 after purchasing an additional 847,515 shares during the last quarter. Morgan Stanley lifted its position in Crocs by 911.1% in the second quarter. Morgan Stanley now owns 612,905 shares of the textile maker’s stock valued at $12,105,000 after purchasing an additional 552,290 shares during the last quarter. Renaissance Technologies LLC lifted its position in Crocs by 15.4% in the second quarter. Renaissance Technologies LLC now owns 3,855,300 shares of the textile maker’s stock valued at $76,142,000 after purchasing an additional 513,900 shares during the last quarter. Apertura Capital LLC bought a new stake in Crocs in the first quarter valued at approximately $12,875,000. Finally, Nuveen Asset Management LLC bought a new stake in Crocs in the second quarter valued at approximately $7,426,000.
Crocs Company Profile
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.
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