Wedbush analyst Tom Nikic maintained a Buy rating on Crocs (CROX – Research Report) today and set a price target of $154.00. The company’s shares closed yesterday at $126.70.
According to TipRanks, Nikic is a 3-star analyst with an average return of 3.1% and a 50.00% success rate. Nikic covers the Consumer Cyclical sector, focusing on stocks such as Nike, Carter’s, and Crocs.
In addition to Wedbush, Crocs also received a Buy from Bank of America Securities’s Christopher Nardone in a report issued yesterday. However, on April 30, Seaport Global maintained a Hold rating on Crocs (NASDAQ: CROX).
CROX market cap is currently $7.5B and has a P/E ratio of 9.64.
Based on the recent corporate insider activity of 73 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 (CROX) Company Description:
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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