Susquehanna analyst Sam Poser reiterated a Buy rating on Crocs (CROX) today and set a price target of $35. The company’s shares opened today at $26.20.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.8% and a 56.0% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.
Currently, the analyst consensus on Crocs is a Strong Buy with an average price target of $32.40, which is a 23.7% upside from current levels. In a report issued on February 25, Pivotal Research also reiterated a Buy rating on the stock with a $35 price target.
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Crocs’ market cap is currently $1.93B and has a P/E ratio of 173.58. The company has a Price to Book ratio of 9.78.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, 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, and distribution of casual footwear, apparel, and accessories for men, women, and children. The company was founded by Scott Seamans, George B. Boedecker, Jr. and Lyndon V. Hanson III in 2002 and is headquartered in Niwot, CO.
