Crocs Inc. (NASDAQ:CROX)‘s stock had its “neutral” rating reaffirmed by stock analysts at B. Riley in a research note issued on Monday. They currently have a $8.00 price objective on the stock. B. Riley’s price target indicates a potential downside of 4.76% from the stock’s current price.
Other research analysts have also issued research reports about the company. Monness Crespi & Hardt decreased their target price on Crocs from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Susquehanna assumed coverage on Crocs in a research report on Friday, August 12th. They set a “neutral” rating and a $9.50 price objective for the company. Piper Jaffray Cos. restated a “neutral” rating and set a $8.00 price objective (down previously from $10.00) on shares of Crocs in a research report on Thursday, August 4th. Zacks Investment Research lowered Crocs from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Finally, TheStreet lowered Crocs from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.00.
Shares of Crocs (NASDAQ:CROX) traded down 0.12% during trading on Monday, reaching $8.40. The company had a trading volume of 203,947 shares. The company’s market capitalization is $617.79 billion. The firm has a 50-day moving average price of $8.04 and a 200-day moving average price of $9.33. Crocs has a 52-week low of $6.79 and a 52-week high of $12.53.
Crocs (NASDAQ:CROX) last issued its earnings results on Wednesday, November 9th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm earned $245.90 million during the quarter, compared to analyst estimates of $251.23 million. Crocs had a negative return on equity of 10.92% and a negative net margin of 4.35%. Crocs’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.37) EPS. On average, analysts predict that Crocs will post ($0.13) EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. PineBridge Investments L.P. increased its stake in shares of Crocs by 7.5% in the second quarter. PineBridge Investments L.P. now owns 9,303 shares of the company’s stock valued at $105,000 after buying an additional 647 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Crocs by 14.8% in the second quarter. Public Employees Retirement System of Ohio now owns 9,506 shares of the company’s stock worth $107,000 after buying an additional 1,229 shares in the last quarter. Geduld E E purchased a new stake in Crocs during the second quarter worth approximately $113,000. Teacher Retirement System of Texas increased its stake in Crocs by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 10,314 shares of the company’s stock worth $116,000 after buying an additional 1,247 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Crocs by 6.8% in the second quarter. Hsbc Holdings PLC now owns 11,350 shares of the company’s stock worth $128,000 after buying an additional 722 shares in the last quarter. 92.99% of the stock is currently owned by hedge funds and other institutional investors.