In a report released today, Laura Champine from Loop Capital Markets maintained a Buy rating on Crocs (CROX – Research Report), with a price target of $160.00. The company’s shares closed yesterday at $104.03.
Champine covers the Consumer Cyclical sector, focusing on stocks such as OneSpaWorld Holdings, TJX Companies, and Costco. According to TipRanks, Champine has an average return of 3.7% and a 55.97% success rate on recommended stocks.
Currently, the analyst consensus on Crocs is a Strong Buy with an average price target of $125.09, which is a 20.24% upside from current levels. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $136.00 price target.
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Based on Crocs’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.05 billion and a net profit of $177.03 million. In comparison, last year the company earned a revenue of $985.09 million and had a net profit of $169.35 million
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CROX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Crocs (CROX) Company Description:
Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, sale and distribution of casual footwear, apparel, and accessories for men, women, and children. It operates through the following segments: Americas, Asia Pacific and Europe, Middle East & Africa (EMEA). The Americas segment consists of the revenues and expenses related to product sales in North and South America. The Asia Pacific segment includes the revenues and expenses related to the product sales in Asia, Australia and New Zealand. The EMEA segment contains the revenues and expenses related to the product sales in Europe, Russia, Africa and the Middle East. The company was founded by Scott Seamans, George B. Boedecker, Jr. and Lyndon V. Hanson III in 2002 and is headquartered in Niwot, CO.
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