Crocs (CROX) Receives Analyst Rating

Crocs (CROX) : 1 brokerage houses believe that Crocs (CROX) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Crocs (CROX). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.71.

Crocs (CROX) : The most positive equity analysts on Crocs (CROX) expects the shares to touch $11, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $9.08 with an expected fluctuation of $1.11 from the mean.


Also, Susquehanna initiates coverage on Crocs (NASDAQ:CROX). In the latest research report, Susquehanna announces the target price to $9.5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 12, 2016.

Crocs (NASDAQ:CROX): After opening at $8.08, the stock dipped to an intraday low of $8.02 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.3 and the buying power remained strong till the end. The stock closed at $8.29 for the day, a gain of 2.22% for the day session. The total traded volume was 780,377. The stocks close on the previous trading day was $8.11.

Crocs, Inc. is engaged in the design, development, manufacturing, worldwide marketing and distribution of casual lifestyle footwear, apparel and accessories for men, women and children. The Companys products include footwear and accessories. The Company operates four reportable operating segments based on the geographic nature of its operations: Americas, Asia Pacific, Japan and Europe. The Americas segment consists of product sales in the North and South America geographic regions. The Asia Pacific segment consists of product sales throughout Asia (excluding Japan), Australia, New Zealand, the Middle East and South Africa. The Japan segment consists of product sales in Japan. The Europe segment consists of product sales throughout Europe and Russia. The Company sells its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through company-operated retail stores, outlets, Webstores and kiosks.

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