Crocs, Inc. (CROX) Shares Gap Up After Strong Earnings

Andrew Cummings
May 12, 2017

Niwot, CO. -based Crocs designs and manufactures shoes made of closed-cell resin material, whose fans range from hospital workers to fashionistas. The return on assets ratio shows how well management is employing the company's total assets to make a profit. It dropped, as 2 investors sold Span-America Medical Systems, Inc. shares while 5 reduced holdings.

Crocs, Inc. (CROX) now has a consensus Price Target of $7.14. Alpha One also assigned news stories about the textile maker an impact score of 76 out of 100, indicating that recent press coverage is likely to have an effect on the stock's share price in the near future.

Crocs Incorporated (NASDAQ:CROX) had a decrease of 7.18% in short interest. The stock had a trading volume of 7,364,832 shares. The firm has a 50 day moving average price of $6.42 and a 200 day moving average price of $7.04. The firm's market capitalization is $519.51 million. Crocs, Inc. has a 52-week low of 5.93 and a 52-week high of 12.53.

Last time, the company failed Wall Street by reporting EPS of $-0.58, smashing the consensus of $-0.35 per share.

Crocs, Inc. (NASDAQ:CROX) yearly performance is -19.79% and net profit margin is -3.10%.

Amid its store closures - part of an aggressive and ongoing turnaround plan - the lightweight-clog maker pulled off Q1 revenues of $267.9 million, a 4.4 percent year-over-year decline but well above analysts' expectations for revenues of $258.1 million. The Q2 2017 consensus earnings estimates for the company have stabilized at US$0.19 per share. That value represents a market adjusting for revenues that have been falling by -10.19 % on a quarterly year/year basis as of the company's last quarterly report. (CROX) is $7.63/share according to the consensus of analysts working on the stock, with an expected EPS of $0.03/share for the current quarter. Zacks Investment Research lowered Crocs from a "hold" rating to a "strong sell" rating in a research note on Friday, March 3rd.

ILLEGAL ACTIVITY NOTICE: This story was published by BBNS and is the sole property of of BBNS. Among which 12 performing investment advisory and research functions. Texas Permanent School Fund owns 0% invested in Crocs, Inc. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Finally, Karp Capital Management Corp bought a new stake in Crocs during the first quarter worth $118,000. Municipal Employees Retirement System of MI raised its stake in Crocs by 1.2% in the third quarter. Renaissance Technologies LLC raised its position in shares of Crocs by 141.5% in the fourth quarter.

Having a price of $6.20, Crocs, Inc. Comerica Bank boosted its position in Crocs by 5.7% in the fourth quarter. (CROX) have 74.21 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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