Susquehanna analyst Sam Poser reiterated a Sell rating on Crocs (NASDAQ: CROX) today. The company’s shares closed yesterday at $18.12, close to its 52-week high of $19.54.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.0% 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.
The word on The Street in general, suggests a Hold analyst consensus rating for Crocs with a $18.75 average price target.
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Based on Crocs’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $14.36 million. In comparison, last year the company had a net profit of $19.12 million.
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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.
