Susquehanna Reiterates Their Sell Rating on Crocs (CROX)


Susquehanna analyst Sam Poser reiterated a Sell rating on Crocs (NASDAQ: CROX) today and set a price target of $14. The company’s shares closed on Friday at $20.66, close to its 52-week high of $21.24.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.3% and a 58.7% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Currently, the analyst consensus on Crocs is a Hold with an average price target of $17.67.

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Based on Crocs’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $29.26 million. In comparison, last year the company had a net profit of $19.12 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

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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.

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