The stock of Crocs, Inc. (NASDAQ:CROX) hit a new 52-week low and has $7.24 target or 5.00% below today’s $7.62 share price. The 7 months bearish chart indicates high risk for the $570.17M company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $7.24 price target is reached, the company will be worth $28.51M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 370,516 shares traded hands. Crocs, Inc. (NASDAQ:CROX) has declined 17.77% since March 29, 2016 and is downtrending. It has underperformed by 21.25% the S&P500.
Analysts await Crocs, Inc. (NASDAQ:CROX) to report earnings on November, 3. They expect $0.01 EPS, up 103.23% or $0.32 from last year’s $-0.31 per share. CROX’s profit will be $748,255 for 190.50 P/E if the $0.01 EPS becomes a reality. After $0.13 actual EPS reported by Crocs, Inc. for the previous quarter, Wall Street now forecasts -92.31% negative EPS growth.
Crocs, Inc. (NASDAQ:CROX) Ratings Coverage
Out of 7 analysts covering Crocs (NASDAQ:CROX), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Crocs has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained it with “Buy” rating and $17 target price in Tuesday, August 11 report. The firm has “Neutral” rating by Susquehanna given on Friday, August 12. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 1. On Thursday, October 1 the stock rating was maintained by B. Riley & Co with “Neutral”. The company was upgraded on Tuesday, May 10 by Sterne Agee CRT. The stock of Crocs, Inc. (NASDAQ:CROX) earned “Buy” rating by Sterne Agee CRT on Friday, August 14. The stock of Crocs, Inc. (NASDAQ:CROX) earned “Neutral” rating by Sterne Agee CRT on Tuesday, October 27. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, April 27 report. The firm earned “Buy” rating on Monday, November 9 by Monness Crespi & Hardt. The rating was downgraded by Piper Jaffray on Thursday, October 1 to “Neutral”.
According to Zacks Investment Research, “Crocs, Inc. is a rapidly growing designer, manufacturer and marketer of footwear for men, women and children under the CROCS brand. All of the Company’s footwear products incorporate its proprietary closed-cell resin material, which the Company believes represents a substantial innovation in footwear comfort and functionality. The Company’s proprietary closed-cell resin, which it refers to as Croslite enables Crocs to produce a soft and lightweight, non-marking, slip and odor-resistant shoe. These unique properties make the Company’s footwear ideal for casual wear, as well as for recreational uses such as boating, hiking, fishing and gardening, and have enabled Crocs to successfully market its products to a broad range of consumers.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.15, from 1.05 in 2016Q1. The ratio worsened, as 29 funds sold all Crocs, Inc. shares owned while 43 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 71.30 million shares or 0.46% less from 71.63 million shares in 2016Q1.
Kings Point Capital Mngmt, a New York-based fund reported 2,000 shares. Da Davidson And has 300 shares for 0% of their US portfolio. Investment Counselors Of Maryland Ltd holds 1.18M shares or 0.73% of its portfolio. Boston Prtnrs has 0.01% invested in the company for 352,989 shares. New York State Common Retirement Fund has invested 0% of its portfolio in Crocs, Inc. (NASDAQ:CROX). Art Advisors Limited Co last reported 156,480 shares in the company. State Street Corp, a Massachusetts-based fund reported 1.42 million shares. 1St Glob Advsrs Incorporated accumulated 36,806 shares or 0.06% of the stock. Profit Inv Mngmt Ltd Liability Co has invested 0.59% of its portfolio in Crocs, Inc. (NASDAQ:CROX). Trustmark Fincl Bank Tru Department holds 12,108 shares or 0.02% of its portfolio. Central Bank & Trust has 0% invested in the company for 650 shares. Comerica Commercial Bank last reported 73,154 shares in the company. Kbc Gru Nv last reported 35,547 shares in the company. Blackrock Fund has 4.78 million shares for 0.01% of their US portfolio. Westport Asset Mngmt Incorporated has 2.5% invested in the company for 239,870 shares.
Insider Transactions: Since August 24, 2016, the stock had 1 insider purchase, and 0 insider sales for $66,371 net activity. Teffner Carrie W. had bought 7,500 shares worth $66,371.
More notable recent Crocs, Inc. (NASDAQ:CROX) news were published by: Fool.com which released: “Why Crocs Inc. Stock Lost 24% Last Month” on September 03, 2016, also Fool.com with their article: “Why Crocs, Inc. Shares Stepped Up Today” published on May 10, 2016, Fool.com published: “Why Crocs, Inc. Shares Tumbled Today” on April 27, 2016. More interesting news about Crocs, Inc. (NASDAQ:CROX) were released by: Fool.com and their article: “Why Crocs, Inc. Stock Plunged Today” published on March 01, 2016 as well as Fool.com‘s news article titled: “Crocs, Inc. Shares Plunge After Earnings Report” with publication date: August 05, 2016.
CROX Company Profile
Crocs, Inc., incorporated on April 15, 2005, is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s divisions include Americas, Asia Pacific and Europe. The Company’s 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. It sells its products in over 60 countries through domestic and international retailers and distributors, and directly to clients through its company-operated retail stores, outlets, Webstores and kiosks. The Firm markets its products through a range of channels, including family footwear stores, department stores, department stores, sporting goods stores and traditional footwear retailers, as well as a range of specialty and independent retail channels, and through the Internet. The Firm operates approximately 270 global retail stores, 190 global outlet stores and 100 global kiosks and store-in-stores. The Firm offers a range of footwear products, including clogs, sandals, wedges, flats, sneakers and boots.
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