Piper Jaffray Companies Reiterates “$12.00” Price Target for Crocs (NASDAQ:CROX)

Crocs (NASDAQ:CROX) has been assigned a $12.00 price target by equities researchers at Piper Jaffray Companies in a report released on Monday, January 8th. The brokerage currently has a “hold” rating on the textile maker’s stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 10.45% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Pivotal Research assumed coverage on Crocs in a report on Thursday, October 5th. They set a “hold” rating and a $9.50 target price for the company. Zacks Investment Research downgraded Crocs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. CL King downgraded Crocs from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Finally, Stifel Nicolaus raised Crocs from a “hold” rating to a “buy” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Crocs currently has an average rating of “Hold” and an average target price of $10.67.

Shares of Crocs (NASDAQ CROX) traded down $0.22 during trading on Monday, hitting $13.40. The stock had a trading volume of 1,318,500 shares, compared to its average volume of 1,486,750. Crocs has a 1 year low of $5.93 and a 1 year high of $14.30. The stock has a market capitalization of $955.84, a price-to-earnings ratio of -43.23, a P/E/G ratio of 2.93 and a beta of 0.43.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, November 7th. The textile maker reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. Crocs had a negative return on equity of 0.42% and a negative net margin of 0.60%. equities analysts forecast that Crocs will post -0.06 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL purchased a new stake in Crocs in the 2nd quarter valued at $100,000. BlueCrest Capital Management Ltd purchased a new stake in Crocs in the 2nd quarter valued at $110,000. Public Employees Retirement System of Ohio lifted its stake in shares of Crocs by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 1,586 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Crocs in the 2nd quarter valued at $124,000. Finally, GRT Capital Partners L.L.C. acquired a new position in shares of Crocs in the 2nd quarter valued at $131,000. Institutional investors own 91.94% of the company’s stock.

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Crocs Company Profile

Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.

Analyst Recommendations for Crocs (NASDAQ:CROX)

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