Stock Buzzer: What’s Next for Crocs, Inc. After Today’s Significant Increase?

Stock Buzzer: What's Next for Crocs, Inc. After Today's Significant Increase?

The stock of Crocs, Inc. (NASDAQ:CROX) is a huge mover today! About 335,852 shares traded hands. Crocs, Inc. (NASDAQ:CROX) has declined 19.08% since April 28, 2016 and is downtrending. It has underperformed by 25.00% the S&P500.
The move comes after 8 months positive chart setup for the $500.97 million company. It was reported on Dec, 1 by Barchart.com. We have $7.59 PT which if reached, will make NASDAQ:CROX worth $25.05M more.

Analysts await Crocs, Inc. (NASDAQ:CROX) to report earnings on March, 6. They expect $-0.36 EPS, up 53.25% or $0.41 from last year’s $-0.77 per share. After $-0.03 actual EPS reported by Crocs, Inc. for the previous quarter, Wall Street now forecasts 1,100.00% negative EPS growth.

Crocs, Inc. (NASDAQ:CROX) Ratings Coverage

Out of 7 analysts covering Crocs (NASDAQ:CROX), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Crocs has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, November 10 by Monness Crespi & Hardt. Piper Jaffray downgraded Crocs, Inc. (NASDAQ:CROX) rating on Thursday, October 1. Piper Jaffray has “Neutral” rating and $12 price target. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, April 27 report. Monness Crespi & Hardt maintained the shares of CROX in a report on Monday, November 9 with “Buy” rating. The company was initiated on Friday, August 12 by Susquehanna. Piper Jaffray maintained it with “Buy” rating and $17 target price in Tuesday, August 11 report. Sterne Agee CRT downgraded the stock to “Neutral” rating in Tuesday, October 27 report. Sterne Agee CRT maintained it with “Buy” rating and $19 target price in Friday, August 14 report. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, May 10. B. Riley & Co maintained the shares of CROX in a report on Thursday, October 1 with “Neutral” 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 increased to 1.25 in Q2 2016. Its up 0.35, from 0.9 in 2016Q1. The ratio is positive, 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.
Thrivent Fin For Lutherans has 35,140 shares for 0% of their US portfolio. Alliancebernstein L P owns 7.45 million shares or 0.07% of their US portfolio. Neuberger Berman Group Lc accumulated 0.02% or 1.29 million shares. Bnp Paribas Arbitrage Sa accumulated 23,033 shares or 0% of the stock. California Employees Retirement System has 0.01% invested in the company for 404,100 shares. Nj State Employees Deferred Compensation Plan accumulated 30,000 shares or 0.07% of the stock. Profit Mgmt Limited Com accumulated 0.59% or 64,457 shares. The Massachusetts-based Geode Mgmt Ltd has invested 0% in Crocs, Inc. (NASDAQ:CROX). Fdx Advsrs accumulated 12,108 shares or 0.01% of the stock. Moreover, Deutsche Retail Bank Ag has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 272,709 shares. Metropolitan Life Ins Com Ny accumulated 0% or 54,388 shares. Tradewinds Cap Mngmt Ltd, a Washington-based fund reported 25 shares. Moreover, Bank & Trust Of Ny Mellon Corporation has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 946,946 shares. Proshare Advsrs last reported 10,660 shares in the company. Teachers Advsrs, a New York-based fund reported 116,260 shares.

Insider Transactions: Since August 24, 2016, the stock had 1 insider buy, and 0 insider sales for $66,371 net activity. The insider Teffner Carrie W. bought $66,371.

Another recent and important Crocs, Inc. (NASDAQ:CROX) news was published by Fool.com which published an article titled: “Why Crocs Inc. Stock Lost 24% Last Month” on September 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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