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CROX - Crocs Inc News Story

$38.59 1.1  2.8%

Last Trade - 07/08/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.99bn
Enterprise Value £2.09bn
Revenue £910.6m
Position in Universe 1618th / 6395

BUZZ-Crocs: Hits 12-year high after brokerage raises PT on strong momentum

Wed 15th January, 2020 3:43pm
** Shares of footwear maker  CROX.O  rise as much as 2% to
12-year high of $43.79 
    ** Brokerage Monnes, Crespi, Hardt raises PT to $50 from
$44; implies an upside of ~17% to last close and above median PT
of $46
    ** Momentum for Crocs continued to accelerate in Q4, with
direct-to-consumer comparable sales of about 28% in the
Americas, up from 19% in Q3 - Monnes, Crespi, Hardt
    ** Brokerage notes Crocs' momentum reinforces belief that co
is poised for meaningful sales and earnings growth over next few
years
    ** Crocs raised its Q4 revenue outlook on Jan. 13, helped by
strong direct-to-consumer sales growth  urn:newsml:reuters.com:*:nBw7CNBmka
    ** We delivered the strongest fourth quarter in Crocs'
history - CEO Andrew Rees
    ** At least six brokerages have raised PT on CROX since then
    ** Average rating among seven analysts covering stock is
"buy"
    ** CROX up over 3% this year; it gained at least 61%
annually for three consecutive years

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))
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