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.
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.
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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