Wedbush Starts Crocs (CROX) at Outperform; Opportunity to Improve Gross and Operating Margin Leverage
Tweet Send to a FriendGet Alerts CROX Hot Sheet
Price: $16.62 -1.19%
Rating Summary:
10 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
10 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade CROX Now!
Wedbush initiates coverage on Crocs (NASDAQ: CROX) with an Outperform. PT $25.00.
Analyst, Corinna Freedman, said, "We believe the shares can trade higher over the near-term due to attractive valuation relative to growth, upcoming positive catalysts on the horizon and a period of favorable seasonality...Fundamentally, we are also positive on the shares given minimal input cost inflation relative to competitors, strong franchise in kids’ footwear (a less economically sensitive customer base,) above retail average store expansion and resulting improvement in leverage."
For an analyst ratings summary and ratings history on Crocs click here. For more ratings news on Crocs click here.
Shares of Crocs closed at $20.33 yesterday, with a 52 week range of $14.20-$32.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Corinna Freedman, said, "We believe the shares can trade higher over the near-term due to attractive valuation relative to growth, upcoming positive catalysts on the horizon and a period of favorable seasonality...Fundamentally, we are also positive on the shares given minimal input cost inflation relative to competitors, strong franchise in kids’ footwear (a less economically sensitive customer base,) above retail average store expansion and resulting improvement in leverage."
For an analyst ratings summary and ratings history on Crocs click here. For more ratings news on Crocs click here.
Shares of Crocs closed at $20.33 yesterday, with a 52 week range of $14.20-$32.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold
- Roth Capital Resumes Crown Crafts (CRWS) at Buy
- UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
Create E-mail Alert Related Categories
New Coverage
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
