Standpoint Research Downgrades Crocs (CROX) to Hold: Time to Take Profits
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Price: $134.89 --0%
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 17 | New: 11
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 17 | New: 11
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Standpoint Research downgraded Crocs (NASDAQ: CROX) from Buy to Hold.
Analyst, Ronnie Moas, said, "If there is one thing I like more than my Crocs shoes it is trading the stock! In nine years, I have made more than 500 recommendations. There have been a bunch of names I went 3-for-3 on … and 4-for-4 on a few … this is the first time I hit 5-for-5."
"As I said, good news is expected, but may already be priced in. Crocs already guided higher on January 11...announced a licensing deal...there have been PE rumors...and Crocs will benefit from the warm winter that hurt the boot sellers. This is a great company selling more than 200 designs in nearly 100 countries, but the same could have been said before the 40% October crash. The market run is also a concern. We will watch this from the sidelines and hope we get a sixth shot at this in the future."
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 $21.32 yesterday.
Analyst, Ronnie Moas, said, "If there is one thing I like more than my Crocs shoes it is trading the stock! In nine years, I have made more than 500 recommendations. There have been a bunch of names I went 3-for-3 on … and 4-for-4 on a few … this is the first time I hit 5-for-5."
"As I said, good news is expected, but may already be priced in. Crocs already guided higher on January 11...announced a licensing deal...there have been PE rumors...and Crocs will benefit from the warm winter that hurt the boot sellers. This is a great company selling more than 200 designs in nearly 100 countries, but the same could have been said before the 40% October crash. The market run is also a concern. We will watch this from the sidelines and hope we get a sixth shot at this in the future."
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 $21.32 yesterday.
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