Susquehanna Believes Crocs (CROX) Still Has Room to Grow


In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Crocs (CROX), with a price target of $70.00. The company’s shares closed last Tuesday at $54.85, close to its 52-week high of $61.00.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 7.5% and a 55.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Dick’s Sporting Goods, and Wolverine World Wide.

Crocs has an analyst consensus of Moderate Buy, with a price target consensus of $63.33, implying a 14.2% upside from current levels. In a report issued on October 27, Piper Sandler also maintained a Buy rating on the stock with a $67.00 price target.

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The company has a one-year high of $61.00 and a one-year low of $8.40. Currently, Crocs has an average volume of 1.27M.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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, 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). The Americas segment consists of the revenues and expenses related to product sales in North and South America. The Asia Pacific segment includes the revenues and expenses related to the product sales in Asia, Australia and New Zealand. The EMEA segment contains the revenues and expenses related to the product sales in Europe, Russia, Africa and the Middle East. 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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