Stock Buzzer: What Next for Crocs, Inc. Stock After Today’s Significant Decline?

Stock Buzzer: What Next for Crocs, Inc. Stock After Today's Significant Decline?

The stock of Crocs, Inc. (NASDAQ:CROX) is a huge mover today! About 1.95 million shares traded hands or 110.90% up from the average. Crocs, Inc. (NASDAQ:CROX) has declined 15.38% since April 27, 2016 and is downtrending. It has underperformed by 20.60% the S&P500.
The move comes after 7 months negative chart setup for the $480.55 million company. It was reported on Nov, 30 by Barchart.com. We have $6.68 PT which if reached, will make NASDAQ:CROX worth $24.03M less.

Analysts await Crocs, Inc. (NASDAQ:CROX) to report earnings on March, 6. They expect $-0.36 EPS, up 53.25% or $0.41 from last year’s $-0.77 per share. After $-0.03 actual EPS reported by Crocs, Inc. for the previous quarter, Wall Street now forecasts 1,100.00% negative EPS growth.

Crocs, Inc. (NASDAQ:CROX) Ratings Coverage

Out of 7 analysts covering Crocs (NASDAQ:CROX), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Crocs has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Sterne Agee CRT upgraded Crocs, Inc. (NASDAQ:CROX) on Tuesday, May 10 to “Buy” rating. As per Friday, August 12, the company rating was initiated by Susquehanna. The firm has “Buy” rating given on Monday, November 9 by Monness Crespi & Hardt. B. Riley & Co maintained Crocs, Inc. (NASDAQ:CROX) rating on Thursday, October 1. B. Riley & Co has “Neutral” rating and $13 price target. Sterne Agee CRT downgraded the shares of CROX in a report on Tuesday, October 27 to “Neutral” rating. The stock has “Neutral” rating given by Piper Jaffray on Thursday, October 1. The stock has “Hold” rating given by Stifel Nicolaus on Wednesday, April 27. The stock has “Neutral” rating given by Monness Crespi & Hardt on Thursday, November 10. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 1. The stock has “Buy” rating given by Sterne Agee CRT on Friday, August 14.

According to Zacks Investment Research, “Crocs, Inc. is a rapidly growing designer, manufacturer and marketer of footwear for men, women and children under the CROCS brand. All of the Company’s footwear products incorporate its proprietary closed-cell resin material, which the Company believes represents a substantial innovation in footwear comfort and functionality. The Company’s proprietary closed-cell resin, which it refers to as Croslite enables Crocs to produce a soft and lightweight, non-marking, slip and odor-resistant shoe. These unique properties make the Company’s footwear ideal for casual wear, as well as for recreational uses such as boating, hiking, fishing and gardening, and have enabled Crocs to successfully market its products to a broad range of consumers.”

Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.35, from 0.9 in 2016Q1. The ratio is positive, as 29 funds sold all Crocs, Inc. shares owned while 43 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 71.30 million shares or 0.46% less from 71.63 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Crocs, Inc. (NASDAQ:CROX). California State Teachers Retirement Systems accumulated 154,580 shares or 0% of the stock. Franklin Resources last reported 0.03% of its portfolio in the stock. Arizona State Retirement Sys holds 0.01% or 38,088 shares in its portfolio. Blackrock Ltd Liability Corporation has 35,658 shares for 0% of their US portfolio. Pnc Fincl Serv Gp last reported 0% of its portfolio in the stock. Walleye Trading Limited Liability holds 0% of its portfolio in Crocs, Inc. (NASDAQ:CROX) for 12,240 shares. Prudential Fincl accumulated 0% or 177,795 shares. Moreover, Deutsche Bancorp Ag has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 272,709 shares. Moreover, State Of Tennessee Treasury Department has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 59,707 shares. Teachers Retirement System Of The State Of Kentucky has 0% invested in the company for 22,900 shares. Colony Lc, a Massachusetts-based fund reported 114,530 shares. Boston Prtnrs owns 352,989 shares or 0.01% of their US portfolio. Investment Counselors Of Maryland Ltd Liability Corp, a Maryland-based fund reported 1.18 million shares. Frontier Capital Mngmt Ltd Liability Company last reported 0.23% of its portfolio in the stock.

Insider Transactions: Since August 24, 2016, the stock had 1 buy, and 0 insider sales for $66,371 net activity. Teffner Carrie W. bought 7,500 shares worth $66,371.

Another recent and important Crocs, Inc. (NASDAQ:CROX) news was published by Fool.com which published an article titled: “Why Crocs Inc. Stock Lost 24% Last Month” on September 03, 2016.

CROX Company Profile

Crocs, Inc., incorporated on April 15, 2005, is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s divisions include Americas, Asia Pacific and Europe. The Company’s products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. It sells its products in over 60 countries through domestic and international retailers and distributors, and directly to clients through its company-operated retail stores, outlets, Webstores and kiosks. The Firm markets its products through a range of channels, including family footwear stores, department stores, department stores, sporting goods stores and traditional footwear retailers, as well as a range of specialty and independent retail channels, and through the Internet. The Firm operates approximately 270 global retail stores, 190 global outlet stores and 100 global kiosks and store-in-stores. The Firm offers a range of footwear products, including clogs, sandals, wedges, flats, sneakers and boots.

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