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A number of other analysts have also commented on CROX. Pivotal Research reissued a buy rating and issued a $39.00 target price on shares of Crocs in a report on Monday, October 28th. Susquehanna Bancshares raised their price target on Crocs from $35.00 to $38.00 and gave the stock a positive rating in a research note on Friday, August 2nd. Monness Crespi & Hardt raised their price target on Crocs from $32.00 to $44.00 and gave the stock a buy rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price target on Crocs from $21.00 to $23.00 and gave the stock a hold rating in a research note on Friday, August 2nd. Finally, BidaskClub upgraded Crocs from a buy rating to a strong-buy rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $34.14.
Shares of CROX traded up $0.04 on Wednesday, reaching $35.56. The stock had a trading volume of 1,024,200 shares, compared to its average volume of 1,646,168. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 41.35 and a beta of 1.03. The company has a 50-day simple moving average of $31.47 and a 200-day simple moving average of $25.07. Crocs has a 12-month low of $17.52 and a 12-month high of $39.13. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.68.
Crocs (NASDAQ:CROX) last posted its earnings results on Wednesday, October 30th. The textile maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.16. The business had revenue of $312.80 million during the quarter, compared to analyst estimates of $302.06 million. Crocs had a return on equity of 78.24% and a net margin of 7.49%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. On average, analysts expect that Crocs will post 1.62 EPS for the current fiscal year.
In other news, major shareholder Holdings L.P. Blackstone III sold 6,864,545 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $35.42, for a total value of $243,142,183.90. Company insiders own 2.42% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Crocs by 54.2% during the first quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 1,000 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Crocs during the third quarter valued at $85,000. Tower Research Capital LLC TRC lifted its position in Crocs by 1,302.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,628 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 4,298 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Crocs by 14.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,699 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 599 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Crocs during the third quarter valued at $154,000.
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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