Crocs (CROX) is Initiated by Susquehanna to Neutral, Price Target at $9.50

Crocs (CROX) was Initiated by Susquehanna to “Neutral” and the brokerage firm has set the Price Target at $9.50. Susquehanna advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Crocs. Shares were Reiterated by Monness Crespi & Hardt on Aug 4, 2016 to “Buy” and Lowered the Price Target to $ 11 from a previous price target of $13 .

On the company’s financial health, Crocs reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.15. The company had revenue of $323.80 million for the quarter, compared to analysts expectations of $348.04 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Crocs opened for trading at $8.39 and hit $8.7 on the upside on Monday, eventually ending the session at $8.37, with a gain of 0.36% or 0.03 points. The heightened volatility saw the trading volume jump to 15,47,119 shares. Company has a market cap of $614 M.

In a different news, on Mar 15, 2016, Gregg Ribatt (CEO) purchased 10,000 shares at $9.25 per share price. According to the SEC, on Mar 11, 2016, Ronald Frasch (director) purchased 10,895 shares at $9.22 per share price. On Nov 16, 2015, Andrew Rees (President) purchased 10,000 shares at $9.51 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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