Crocs (NASDAQ:CROX) released its quarterly earnings results on Thursday. The textile maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09, MarketWatch Earnings reports. Crocs had a net margin of 2.29% and a return on equity of 13.84%. The firm had revenue of $261.10 million during the quarter, compared to analysts’ expectations of $246.47 million. During the same period in the previous year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Crocs updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
CROX traded down $1.98 on Friday, reaching $25.37. 2,398,500 shares of the company traded hands, compared to its average volume of 1,072,191. Crocs has a one year low of $10.02 and a one year high of $28.20. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -1,268.50, a PEG ratio of 5.27 and a beta of 0.61.
A number of research firms recently commented on CROX. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, September 15th. Zacks Investment Research cut shares of Crocs from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 10th. TheStreet raised shares of Crocs from a “c+” rating to a “b” rating in a research note on Thursday, August 9th. Piper Jaffray Companies set a $23.00 price target on shares of Crocs and gave the stock a “buy” rating in a research note on Monday, October 22nd. Finally, Pivotal Research set a $25.00 price target on shares of Crocs and gave the stock a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.14.
Institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc bought a new stake in Crocs during the 2nd quarter valued at about $137,000. Harvest Fund Management Co. Ltd bought a new stake in Crocs during the 3rd quarter valued at about $171,000. Aperio Group LLC bought a new stake in Crocs during the 2nd quarter valued at about $179,000. Brown Advisory Inc. bought a new stake in Crocs during the 1st quarter valued at about $171,000. Finally, Amalgamated Bank bought a new stake in Crocs during the 2nd quarter valued at about $195,000. Institutional investors own 97.24% of the company’s stock.
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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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