Susquehanna Remains a Buy on Crocs (CROX)


Susquehanna analyst Sam Poser reiterated a Buy rating on Crocs (CROX) today and set a price target of $27.00. The company’s shares closed last Wednesday at $21.09.

According to TipRanks.com, Poser has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.8% and a 43.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Canada Goose Holdings, and Wolverine World Wide.

Crocs has an analyst consensus of Moderate Buy, with a price target consensus of $25.20, which is a 15.5% upside from current levels. In a report issued on May 11, Piper Sandler also maintained a Buy rating on the stock with a $28.00 price target.

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The company has a one-year high of $43.79 and a one-year low of $8.40. Currently, Crocs has an average volume of 1.76M.

Based on the recent corporate insider activity of 30 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. Last month, Thomas Smach, a Director at CROX sold 40,000 shares for a total of $942,753.

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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