Wedbush Starts Crocs (CROX) at Outperform; Opportunity to Improve Gross and Operating Margin Leverage

March 26, 2012 4:54 PM EDT
Get Alerts CROX Hot Sheet
Price: $7.12 +0.71%

Rating Summary:
    8 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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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.

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