Sterne Agee Positive on Crocs (CROX) Ahead of Next Week's Earnings Report
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Price: $129.33 -1.81%
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
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Sterne Agee reiterated a Buy rating on Crocs (NASDAQ: CROX) with a price target of $30.00.
"We would be buyers of CROX as we have become more comfortable in management's ability to achieve or beat quarterly and FY guidance. An in-line or better results/guidance should increase investor confidence in management's guidance/communication, the biggest impediment to the stock's multiple expansion," said analyst Sam Poser.
Sterne Agee channel checks and NPD data point to strong trends at U.S. wholesale accounts and the firm expects the company to achieve or modestly beat its 3Q12 guidance, and maintain or raise FY guidance.
Croc s is expected to release its earnings report on Wednesday, October 24, 2012 at approximately 4:00 p.m. Eastern Time.
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 $16.21 yesterday.
"We would be buyers of CROX as we have become more comfortable in management's ability to achieve or beat quarterly and FY guidance. An in-line or better results/guidance should increase investor confidence in management's guidance/communication, the biggest impediment to the stock's multiple expansion," said analyst Sam Poser.
Sterne Agee channel checks and NPD data point to strong trends at U.S. wholesale accounts and the firm expects the company to achieve or modestly beat its 3Q12 guidance, and maintain or raise FY guidance.
Croc s is expected to release its earnings report on Wednesday, October 24, 2012 at approximately 4:00 p.m. Eastern Time.
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 $16.21 yesterday.
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