Crocs, Inc. (CROX) Given Average Rating of “Hold” by Analysts

Crocs, Inc. (NASDAQ:CROX) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.17.

Several research analysts have recently issued reports on CROX shares. TheStreet upgraded shares of Crocs from a “c+” rating to a “b” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Crocs from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Wednesday, August 8th. BidaskClub upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Pivotal Research restated a “buy” rating and issued a $21.00 target price on shares of Crocs in a report on Tuesday, August 7th. Finally, Piper Jaffray Companies set a $20.00 target price on shares of Crocs and gave the stock a “buy” rating in a report on Friday, June 1st.

In related news, insider Daniel P. Hart sold 20,831 shares of Crocs stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $20.00, for a total value of $416,620.00. Following the sale, the insider now owns 347,706 shares in the company, valued at $6,954,120. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Smach sold 74,400 shares of Crocs stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $20.14, for a total transaction of $1,498,416.00. Following the completion of the sale, the director now owns 125,262 shares in the company, valued at approximately $2,522,776.68. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc bought a new stake in shares of Crocs during the 2nd quarter valued at $137,000. Brown Advisory Inc. bought a new stake in shares of Crocs during the 1st quarter valued at $171,000. Aperio Group LLC bought a new stake in shares of Crocs during the 2nd quarter valued at $179,000. SG Americas Securities LLC bought a new stake in shares of Crocs during the 1st quarter valued at $184,000. Finally, Amalgamated Bank bought a new stake in shares of Crocs during the 2nd quarter valued at $195,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

Shares of Crocs stock traded down $0.05 on Wednesday, hitting $21.26. The stock had a trading volume of 1,175,900 shares, compared to its average volume of 1,050,574. Crocs has a one year low of $8.64 and a one year high of $22.07. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -1,063.00, a P/E/G ratio of 5.28 and a beta of 0.49.

Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, August 7th. The textile maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.26. Crocs had a net margin of 2.29% and a return on equity of 13.84%. The firm had revenue of $328.00 million for the quarter, compared to analysts’ expectations of $321.47 million. analysts forecast that Crocs will post 0.27 earnings per share for the current year.

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.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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