Crocs (NASDAQ:CROX) had its price target lifted by Piper Jaffray Companies from $30.00 to $32.00 in a report released on Tuesday morning, Briefing.com Automated Import reports. Piper Jaffray Companies currently has an overweight rating on the textile maker’s stock. Piper Jaffray Companies also issued estimates for Crocs’ Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $1.38 EPS, Q2 2020 earnings at $0.68 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.11 EPS, FY2020 earnings at $1.70 EPS and FY2021 earnings at $2.00 EPS.
Other research analysts also recently issued research reports about the stock. CL King raised shares of Crocs from a neutral rating to a buy rating in a research report on Thursday, June 27th. Robert W. Baird raised shares of Crocs from a neutral rating to an outperform rating and set a $29.00 target price for the company in a report on Friday, June 21st. Zacks Investment Research raised shares of Crocs from a hold rating to a strong-buy rating and set a $28.00 target price for the company in a report on Friday, August 2nd. Pivotal Research reaffirmed a buy rating on shares of Crocs in a report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Crocs from $21.00 to $23.00 and gave the stock a hold rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $31.57.
Shares of CROX opened at $27.01 on Tuesday. The firm has a 50-day moving average of $24.75 and a 200-day moving average of $23.67. Crocs has a one year low of $17.52 and a one year high of $31.88. The company has a market cap of $1.98 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.74 and a quick ratio of 1.22.
In related news, Director Doreen A. Wright sold 7,068 shares of Crocs stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.00, for a total transaction of $183,768.00. Following the completion of the sale, the director now owns 55,680 shares of the company’s stock, valued at approximately $1,447,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.42% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in shares of Crocs during the 1st quarter worth about $29,000. FMR LLC boosted its holdings in Crocs by 54.2% in the 1st quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 1,000 shares during the period. NumerixS Investment Technologies Inc boosted its holdings in Crocs by 277.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 6,414 shares of the textile maker’s stock valued at $168,000 after purchasing an additional 4,714 shares during the period. Teza Capital Management LLC bought a new stake in Crocs in the 2nd quarter valued at about $265,000. Finally, Signition LP bought a new stake in Crocs in the 2nd quarter valued at about $298,000.
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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