The Crocs, Inc. (CROX) Hits New 1-Year High at $10.74

The Crocs, Inc. (CROX) Hits New 1-Year High at $10.74

Shares of Crocs, Inc. (NASDAQ:CROX) hit a new 52-week high during trading on Thursday . The stock traded as high as $10.74 and last traded at $10.76, with a volume of 419,070 shares. The stock had previously closed at $10.49.

CROX has been the topic of several research analyst reports. ValuEngine upgraded shares of Crocs from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Piper Jaffray Companies restated a “hold” rating and set a $9.00 target price on shares of Crocs in a report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and set a $8.00 target price (up from $7.00) on shares of Crocs in a report on Saturday, July 22nd. Finally, Pivotal Research began coverage on shares of Crocs in a report on Thursday, October 5th. They set a “hold” rating and a $9.50 target price on the stock. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.75.

The firm’s market capitalization is $767.13 million. The firm has a 50-day moving average of $9.56 and a 200 day moving average of $7.95.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.12. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The business had revenue of $313.20 million during the quarter, compared to the consensus estimate of $311.33 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Crocs’s revenue was down 3.3% compared to the same quarter last year. Equities analysts predict that Crocs, Inc. will post ($0.03) earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in CROX. Bank of New York Mellon Corp grew its holdings in Crocs by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 935,186 shares of the textile maker’s stock worth $6,612,000 after buying an additional 11,477 shares in the last quarter. Comerica Bank grew its holdings in Crocs by 3.9% during the first quarter. Comerica Bank now owns 81,383 shares of the textile maker’s stock worth $522,000 after buying an additional 3,085 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Crocs by 110.3% during the first quarter. UBS Asset Management Americas Inc. now owns 29,938 shares of the textile maker’s stock worth $212,000 after buying an additional 15,699 shares in the last quarter. Karp Capital Management Corp bought a new stake in Crocs during the first quarter worth $118,000. Finally, Mason Street Advisors LLC grew its holdings in Crocs by 7.2% during the first quarter. Mason Street Advisors LLC now owns 17,231 shares of the textile maker’s stock worth $122,000 after buying an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

About Crocs

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.

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