Crocs, Inc. (NASDAQ:CROX)‘s stock had its “neutral” rating restated by stock analysts at Susquehanna Bancshares Inc in a note issued to investors on Friday, May 12th. They currently have a $7.00 price target on the textile maker’s stock, up from their previous price target of $6.00. Susquehanna Bancshares Inc’s price target would suggest a potential downside of 3.31% from the company’s previous close.
A number of other analysts have also recently issued reports on CROX. Monness Crespi & Hardt cut Crocs from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 31st. B. Riley reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Crocs in a research report on Monday, February 27th. Piper Jaffray Companies set a $7.00 price target on Crocs and gave the stock a “hold” rating in a research report on Wednesday, March 1st. Finally, Zacks Investment Research cut Crocs from a “hold” rating to a “strong sell” rating in a research report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.25.
Shares of Crocs (CROX) traded down 2.16% during mid-day trading on Friday, hitting $7.25. The stock had a trading volume of 1,279,998 shares. The firm’s market cap is $537.11 million. Crocs has a 12-month low of $5.93 and a 12-month high of $12.54. The company has a 50 day moving average price of $6.68 and a 200 day moving average price of $6.84.
Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, May 10th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The firm had revenue of $267.90 million during the quarter, compared to analysts’ expectations of $258.10 million. Crocs had a negative return on equity of 4.89% and a negative net margin of 1.52%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. Equities analysts forecast that Crocs will post ($0.04) earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. acquired a new position in Crocs during the first quarter valued at $111,000. Jane Street Group LLC acquired a new position in Crocs during the first quarter valued at $113,000. CSS LLC IL acquired a new position in Crocs during the third quarter valued at $115,000. Aperio Group LLC boosted its position in Crocs by 3.5% in the third quarter. Aperio Group LLC now owns 14,041 shares of the textile maker’s stock valued at $117,000 after buying an additional 479 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in Crocs during the first quarter valued at $118,000. 94.43% of the stock is owned by institutional investors.
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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