Crocs (CROX) Gets a Buy Rating from Pivotal Research


Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Crocs (CROX) today and set a price target of $35. The company’s shares closed yesterday at $26.94.

Kummetz commented:

“We are raising our sales forecast from $353M to $360M but lowering our EPS estimate from $0.55 to $0.43; consensus was $358M/$0.58.”

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 6.7% and a 62.0% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

Crocs has an analyst consensus of Moderate Buy, with a price target consensus of $31.80, a 18.0% upside from current levels. In a report issued on April 30, Susquehanna also reiterated a Buy rating on the stock with a $35 price target.

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The company has a one-year high of $31.88 and a one-year low of $15.21. Currently, Crocs has an average volume of 1.37M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Thomas Smach, a Director at CROX sold 10,000 shares for a total of $267,100.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, sale and distribution of casual footwear, apparel, and accessories for men, women, and children. It operates through the following segments: Americas, Asia Pacific and Europe, Middle East & Africa (EMEA).

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