The stock of Crocs, Inc. (NASDAQ:CROX) is a huge mover today! About 516,868 shares traded hands. Crocs, Inc. (NASDAQ:CROX) has declined 17.86% since April 5, 2016 and is downtrending. It has underperformed by 19.82% the S&P500.
The move comes after 8 months positive chart setup for the $580.79M company. It was reported on Nov, 8 by Barchart.com. We have $12.32 PT which if reached, will make NASDAQ:CROX worth $336.86 million more.
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 downgraded it to “Neutral” rating and $12 target price in Thursday, October 1 report. Stifel Nicolaus downgraded the shares of CROX in a report on Wednesday, April 27 to “Hold” rating. Piper Jaffray maintained Crocs, Inc. (NASDAQ:CROX) rating on Tuesday, August 11. Piper Jaffray has “Buy” rating and $17 price target. On Friday, August 12 the stock rating was initiated by Susquehanna with “Neutral”. The firm has “Buy” rating given on Monday, November 9 by Monness Crespi & Hardt. The stock of Crocs, Inc. (NASDAQ:CROX) earned “Buy” rating by Sterne Agee CRT on Friday, August 14. B. Riley & Co maintained Crocs, Inc. (NASDAQ:CROX) rating on Thursday, October 1. B. Riley & Co has “Neutral” rating and $13 price target. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, October 27. Stifel Nicolaus maintained the shares of CROX in a report on Thursday, October 1 with “Buy” rating. Sterne Agee CRT upgraded the shares of CROX in a report on Tuesday, May 10 to “Buy” rating.
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 Q2 2016. Its down 0.15, from 1.05 in 2016Q1. The ratio dropped, 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.
Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 30,000 shares. Prudential holds 177,795 shares or 0% of its portfolio. Barclays Public Limited Co owns 14,970 shares or 0% of their US portfolio. Moreover, New York State Teachers Retirement Sys has 0.01% invested in Crocs, Inc. (NASDAQ:CROX) for 236,989 shares. Tradewinds Mgmt Ltd Liability Corporation last reported 25 shares in the company. Blackrock Institutional Na reported 1.84 million shares or 0% of all its holdings. Raymond James And Associate owns 90,781 shares or 0% of their US portfolio. Salzhauer Michael has 25,492 shares for 0.23% of their US portfolio. Morgan Stanley, a New York-based fund reported 91,985 shares. 1St Glob Advisors accumulated 0.06% or 36,806 shares. Parametric Associate Ltd Limited Liability Company has invested 0.01% of its portfolio in Crocs, Inc. (NASDAQ:CROX). Boston Prtn holds 0.01% or 352,989 shares in its portfolio. Waddell Reed Financial accumulated 0.02% or 777,000 shares. Victory Management Inc holds 0.1% or 2.24 million shares in its portfolio. Spark Management Lc owns 12,300 shares or 0.01% of their US portfolio.
Insider Transactions: Since August 24, 2016, the stock had 1 insider buy, and 0 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 Investorplace.com‘s news article titled: “Crocs, Inc. (CROX) Stock Gets Slammed by Disappointed Q2 Earnings” with publication date: August 03, 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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