Crocs (CROX) Given a $33.00 Price Target at Pivotal Research

Pivotal Research set a $33.00 price target on Crocs (NASDAQ:CROX) in a research note issued to investors on Monday morning. The firm currently has a buy rating on the textile maker’s stock.

A number of other brokerages have also commented on CROX. Zacks Investment Research upgraded shares of Crocs from a hold rating to a strong-buy rating and set a $20.00 price objective on the stock in a report on Wednesday, August 8th. UBS Group upgraded shares of Crocs to a neutral rating in a report on Monday, November 12th. Piper Jaffray Companies set a $23.00 price objective on shares of Crocs and gave the stock a buy rating in a report on Monday, October 22nd. TheStreet upgraded shares of Crocs from a c+ rating to a b rating in a report on Thursday, August 9th. Finally, BidaskClub lowered shares of Crocs from a buy rating to a hold rating in a report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $19.43.

CROX opened at $26.31 on Monday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -1,315.50, a PEG ratio of 5.25 and a beta of 0.64. Crocs has a twelve month low of $10.55 and a twelve month high of $29.80.



Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. The company had revenue of $261.10 million for the quarter, compared to analyst estimates of $246.47 million. Crocs had a net margin of 3.08% and a return on equity of 17.27%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. Sell-side analysts anticipate that Crocs will post 0.35 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Teachers Advisors LLC grew its position in Crocs by 2.4% in the third quarter. Teachers Advisors LLC now owns 142,488 shares of the textile maker’s stock valued at $3,034,000 after purchasing an additional 3,319 shares in the last quarter. United Services Automobile Association grew its position in Crocs by 29.3% in the second quarter. United Services Automobile Association now owns 14,756 shares of the textile maker’s stock valued at $260,000 after purchasing an additional 3,347 shares in the last quarter. Chicago Equity Partners LLC grew its position in Crocs by 9.5% in the third quarter. Chicago Equity Partners LLC now owns 41,790 shares of the textile maker’s stock valued at $890,000 after purchasing an additional 3,620 shares in the last quarter. LPL Financial LLC grew its position in Crocs by 36.0% in the third quarter. LPL Financial LLC now owns 14,950 shares of the textile maker’s stock valued at $318,000 after purchasing an additional 3,955 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Crocs by 133.5% in the third quarter. Pacer Advisors Inc. now owns 9,556 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 5,463 shares in the last quarter.

Crocs Company Profile

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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Analyst Recommendations for Crocs (NASDAQ:CROX)

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