Susquehanna Remains a Buy on Crocs (CROX)

In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Crocs (CROXResearch Report), with a price target of $35. The company’s shares opened today at $26.94.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.3% and a 56.3% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Crocs has an analyst consensus of Moderate Buy, with a price target consensus of $31.80, which is a 18.0% upside from current levels. In a report issued on May 1, Pivotal Research also reiterated a Buy rating on the stock with a $35 price target.

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Based on Crocs’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $10.89 million. In comparison, last year the company had a net profit of $14.36 million.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Thomas Smach, a Director at CROX sold 10,000 shares for a total of $267,100.

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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).