Crocs, Inc. (CROX) Receives $19.33 Consensus Target Price from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned an average rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $20.67.

Several equities analysts have recently weighed in on CROX shares. Zacks Investment Research raised shares of Crocs from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Wednesday, August 8th. TheStreet raised shares of Crocs from a “c+” rating to a “b” rating in a report on Thursday, August 9th. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Piper Jaffray Companies set a $23.00 price target on shares of Crocs and gave the stock a “buy” rating in a report 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 report on Tuesday, November 6th.

Hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc acquired a new position in Crocs in the 2nd quarter valued at approximately $137,000. Harvest Fund Management Co. Ltd acquired a new position in Crocs in the 3rd quarter valued at approximately $171,000. Aperio Group LLC acquired a new position in Crocs in the 2nd quarter valued at approximately $179,000. Amalgamated Bank acquired a new position in shares of Crocs in the 2nd quarter worth approximately $195,000. Finally, Pacer Advisors Inc. increased its holdings in Crocs by 133.5% during the 3rd quarter. Pacer Advisors Inc. now owns 9,556 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 5,463 shares in the last quarter.

CROX opened at $27.30 on Monday. Crocs has a 12-month low of $10.53 and a 12-month high of $29.80. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -1,365.00, a price-to-earnings-growth ratio of 5.25 and a beta of 0.64.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.09. The firm had revenue of $261.10 million during the quarter, compared to analyst estimates of $246.47 million. Crocs had a net margin of 3.08% and a return on equity of 17.27%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. As a group, equities analysts predict that Crocs will post 0.35 earnings per share for the current fiscal 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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