Crocs, Inc. (NASDAQ:CROX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $160.27.

A number of equities research analysts have commented on CROX shares. Stifel Nicolaus upped their price target on Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. UBS Group reduced their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Finally, Monness Crespi & Hardt lifted their target price on shares of Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle acquired 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $123.96 per share, with a total value of $247,424.16. Following the transaction, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director John B. Replogle purchased 1,996 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the purchase, the director now owns 7,064 shares in the company, valued at $875,653.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 79,748 shares of the company’s stock, valued at approximately $12,771,642.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,744 shares of company stock valued at $4,140,855. Corporate insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Coatue Management LLC grew its holdings in shares of Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after buying an additional 919,835 shares during the last quarter. Norges Bank acquired a new position in Crocs during the 4th quarter valued at about $72,211,000. Patient Capital Management LLC acquired a new position in Crocs during the 4th quarter valued at about $39,420,000. Goldman Sachs Group Inc. increased its holdings in Crocs by 46.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock worth $71,952,000 after purchasing an additional 245,240 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Crocs by 8,437.1% during the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock worth $26,993,000 after buying an additional 180,555 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Up 0.6 %

Shares of NASDAQ:CROX opened at $146.17 on Monday. Crocs has a 52-week low of $74.00 and a 52-week high of $165.32. The company has a market capitalization of $8.68 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.56 and a beta of 2.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. The company has a fifty day moving average of $137.79 and a 200-day moving average of $136.44.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.42. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.59 earnings per share. On average, equities analysts predict that Crocs will post 12.84 EPS for the current fiscal 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.