Crocs (CROX) PT Set at $31.00 by Piper Jaffray Companies

Share on StockTwits

Piper Jaffray Companies set a $31.00 price target on Crocs (NASDAQ:CROX) in a report issued on Tuesday. The firm currently has a buy rating on the textile maker’s stock. Piper Jaffray Companies also issued estimates for Crocs’ Q4 2018 earnings at ($0.22) EPS, FY2018 earnings at $0.54 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at ($0.11) EPS and FY2019 earnings at $1.02 EPS.

Other equities analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Crocs from a c+ rating to a b rating in a research report on Thursday, August 9th. Pivotal Research reiterated a buy rating and set a $21.00 price target on shares of Crocs in a research report on Tuesday, August 7th. BidaskClub upgraded shares of Crocs from a hold rating to a buy rating in a research report on Saturday, September 15th. Zacks Investment Research upgraded shares of Crocs from a hold rating to a buy rating and set a $22.00 price objective on the stock in a report on Tuesday, October 9th. Finally, Susquehanna Bancshares upgraded shares of Crocs from a negative rating to a neutral rating in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $19.43.

Shares of NASDAQ CROX opened at $25.00 on Tuesday. Crocs has a 1 year low of $10.79 and a 1 year high of $29.80. The stock has a market cap of $1.82 billion, a P/E ratio of -1,250.00, a P/E/G ratio of 5.25 and a beta of 0.64.

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

A number of institutional investors and hedge funds have recently made changes to their positions in CROX. NumerixS Investment Technologies Inc purchased a new stake in Crocs in the second quarter worth about $137,000. Harvest Fund Management Co. Ltd purchased a new stake in Crocs in the third quarter worth about $171,000. Aperio Group LLC purchased a new stake in Crocs in the second quarter worth about $179,000. Amalgamated Bank purchased a new stake in Crocs in the second quarter worth about $195,000. Finally, Pacer Advisors Inc. grew its holdings in Crocs by 133.5% in the third quarter. Pacer Advisors Inc. now owns 9,556 shares of the textile maker’s stock worth $203,000 after purchasing an additional 5,463 shares during the period.

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.

Recommended Story: Should You Consider an Index Fund?

Analyst Recommendations for Crocs (NASDAQ:CROX)

Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.