Northland Securities Sets Crocs Price Target at $26.00 (CROX)

By admin | 6 years ago

Investment analysts at Northland Securities raised their target price on shares of Crocs (NASDAQ: CROX) to $26.00 in a note issued to investors on Thursday.

Shares of Crocs opened at 17.09 on Thursday. Crocs has a 52 week low of $14.20 and a 52 week high of $32.47. The company has a market cap of $1.537 billion and a P/E ratio of 13.06.

Crocs last announced its earnings results on Wednesday, April 25th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.05. Crocs’s revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that Crocs will post $0.42 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust (NYSE: STI) initiated coverage on shares of Crocs in a research note to investors on Thursday, May 17th. They set a “neutral” rating on the stock. Separately, analysts at Standpoint Research upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research note to investors on Thursday, April 26th. They now have a $25.00 price target on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Crocs in a research note to investors on Thursday, April 12nd. They set a “buy” rating and a $26.00 price target on the stock.

Crocs, Inc. (Crocs) and its consolidated subsidiaries are a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear and accessories for men, women and children.

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