Piper Jaffray Comments On Recent Strength In Crocs (CROX)
Long-time Crocs supporter, Piper Jaffray, published a report today commenting on recent strength in Crocs (Nasdaq: CROX). Piper Jaffray said that Sportscan retail sales data shows over yeear over sales increased 22% and 4% sequentially for week ending July 19th, ahead of Piper's estimates of 10% year over year and flat sequential growth.
Catalysts that could move Crocs' stock in the coming days is an analyst event on July 28th at 4pm.
Piper continues to rate shares of Crocs a Buy with a price target of $17. Crocs is currently trading just above $10.
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