Crocs (CROX) PT Set at $33.00 by Pivotal Research

Pivotal Research set a $33.00 price target on Crocs (NASDAQ:CROX) in a research report report published on Monday. The firm currently has a buy rating on the textile maker’s stock.

Other analysts have also recently issued reports about the stock. TheStreet upgraded shares of Crocs from a c+ rating to a b rating in a report on Thursday, August 9th. Susquehanna Bancshares upgraded shares of Crocs from a negative rating to a neutral rating in a report on Monday, November 12th. Zacks Investment Research upgraded shares of Crocs from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Tuesday, October 9th. BidaskClub cut shares of Crocs from a buy rating to a hold rating in a report on Thursday, October 4th. Finally, UBS Group upgraded shares of Crocs to a neutral rating in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $18.29.

Shares of Crocs stock opened at $29.10 on Monday. Crocs has a 1 year low of $10.53 and a 1 year high of $29.27. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 173.75, a price-to-earnings-growth ratio of 5.35 and a beta of 0.62.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. Crocs had a net margin of 3.08% and a return on equity of 17.27%. The company had revenue of $261.10 million for the quarter, compared to analysts’ expectations of $246.47 million. During the same period in the prior year, the business earned ($0.03) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that Crocs will post 0.35 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CROX. Xact Kapitalforvaltning AB bought a new position in shares of Crocs in the 2nd quarter valued at about $236,000. Amalgamated Bank bought a new position in shares of Crocs in the 2nd quarter valued at about $195,000. Aperio Group LLC bought a new position in shares of Crocs in the 2nd quarter valued at about $179,000. TD Asset Management Inc. bought a new position in shares of Crocs in the 2nd quarter valued at about $3,631,000. Finally, First Trust Advisors LP bought a new position in shares of Crocs in the 2nd quarter valued at about $4,214,000.

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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Analyst Recommendations for Crocs (NASDAQ:CROX)

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