Susquehanna analyst Sam Poser reiterated a Buy rating on Crocs (CROX) yesterday and set a price target of $35. The company’s shares closed yesterday at $30.05, close to its 52-week high of $31.88.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.8% and a 51.7% 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 Moderate Buy with an average price target of $31.20, a 3.8% upside from current levels. In a report released yesterday, Pivotal Research also reiterated a Buy rating on the stock with a $35 price target.
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Crocs’ market cap is currently $2.03B and has a P/E ratio of 182.90. The company has a Price to Book ratio of 10.31.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CROX in relation to earlier this year.
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.
