Crocs, Inc. (NASDAQ:CROX) Receives $151.75 Average PT from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $154.83.

Several brokerages recently weighed in on CROX. KeyCorp upped their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Williams Trading reissued a “hold” rating and issued a $125.00 price objective (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. UBS Group increased their price objective on shares of Crocs from $124.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. B. Riley increased their price objective on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Bank of America increased their price objective on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday.

Insider Transactions at Crocs

In other news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares in the company, valued at approximately $12,771,642.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, Director Thomas J. Smach sold 10,174 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the transaction, the director now directly owns 115,339 shares in the company, valued at approximately $16,184,368.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,178 shares of company stock worth $4,597,445. Company insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

A number of hedge funds and other institutional investors have recently modified their holdings of CROX. V Square Quantitative Management LLC purchased a new stake in shares of Crocs during the first quarter worth about $25,000. Rise Advisors LLC purchased a new stake in shares of Crocs during the first quarter worth about $25,000. Byrne Asset Management LLC grew its holdings in shares of Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after buying an additional 120 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Crocs by 185.0% during the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after buying an additional 222 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Crocs in the fourth quarter worth approximately $53,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ:CROX opened at $154.74 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.80 and a beta of 1.97. The company’s 50-day moving average is $141.21 and its two-hundred day moving average is $123.21. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. During the same period in the previous year, the business posted $2.61 EPS. Crocs’s revenue was up 6.2% on a year-over-year basis. Analysts forecast that Crocs will post 12.66 EPS for the current year.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.