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Despite beating earnings, Crocs' stock drops as major investors sell off shares.
Institutional investors like Neuberger Berman and Shelton Capital have reduced their stakes in Crocs, Inc., despite the company beating earnings expectations.
With a market cap of $5.19 billion, Crocs reported EPS of $2.52, exceeding analyst estimates.
Analyst sentiment is mixed, with an average "Moderate Buy" rating and a target price of $140.00.
The company's stock, however, opened at $92.56, indicating potential undervaluation.
4 Articles
A pesar de superar las ganancias, las acciones de Crocs bajan a medida que los principales inversores venden acciones.