Sterne Agee Reiterates a 'Buy' on Crocs (CROX); A Beat and Raise Finally
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Price: $131.72 -0.63%
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Sterne Agee reiterates a 'Buy' on Crocs (NASDAQ: CROX) price target of $30.00.
Analyst, Sam Poser, said, "We would be buyers of Crocs following yesterday's beat. Margins came in well above expectations and clean inventories position the company well for the future. We are raising our FY12 EPS estimate from $1.49 to $1.53."
"FY13 from $1.92 to $1.93...We are relieved that CROX finally achieved its EPS guidance and raised the full-year guidance as well (a promising first step). We believe that growth in emerging markets, especially in the southern hemisphere, over the next few years will lessen the need for fall-specific goods and create an "endless summer" opportunity for Crocs."
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 $13.89 yesterday.
Analyst, Sam Poser, said, "We would be buyers of Crocs following yesterday's beat. Margins came in well above expectations and clean inventories position the company well for the future. We are raising our FY12 EPS estimate from $1.49 to $1.53."
"FY13 from $1.92 to $1.93...We are relieved that CROX finally achieved its EPS guidance and raised the full-year guidance as well (a promising first step). We believe that growth in emerging markets, especially in the southern hemisphere, over the next few years will lessen the need for fall-specific goods and create an "endless summer" opportunity for Crocs."
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 $13.89 yesterday.
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