Pivotal Research Stick to Their Buy Rating for Crocs By Investing.com – Investing.com

Pivotal Research Stick to Their Buy Rating for Crocs By Investing.com – Investing.com

Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Crocs (NASDAQ:) on Friday, setting a price target of $100, which is approximately 23.08% above the present share price of $81.25.

Kummetz expects Crocs to post earnings per share (EPS) of $2.75 for the second quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Crocs, with an average price target of $96.4.The analysts price targets range from a high of $104 to a low of $85.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $411.51 million and a net profit of $85.7 million. The company's market cap is $5.32 billion.

According to TipRanks.com, Pivotal Research analyst Mitch Kummetz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.1% and a 66.07% success rate.

Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, sale and distribution of casual footwear, apparel, and accessories for men, women, and children. It operates through the following segments: Americas, Asia Pacific and Europe, Middle East & Africa (EMEA). The Americas segment consists of the revenues and expenses related to product sales in North