Estimates Raised For Crocs Inc. (CROX)

Piper Jaffray has given an overweight rating to Crocs Inc. CROX and raised their estimates and price target. The analysts increased their FY10 EPS estimate for the company to $0.51 and the FY11 EPS estimate has been raised to $0.70. The report has also stated that the company stock is poised to go higher. The company’s European business is currently focused on increasing direct retail sales. The company is also expanding its portfolio and is increasing collaborative marketing and promotional activities. Its “Top Line” marketing campaign appears to be successfully driving volume and raising brand equity. The stock has been given a price target of $14.