Investment Analysts’ Weekly Ratings Updates for Crocs (CROX)

A number of firms have modified their ratings and price targets on shares of Crocs (NASDAQ: CROX) recently:

• 10/30/2024 – Crocs had its price target lowered by analysts at KeyCorp from $155.00 to $150.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at Robert W. Baird from $190.00 to $180.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at UBS Group AG from $146.00 to $122.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Crocs was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 10/30/2024 – Crocs was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/30/2024 – Crocs had its price target lowered by analysts at Loop Capital from $155.00 to $150.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at Guggenheim from $182.00 to $155.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at Monness Crespi & Hardt from $170.00 to $140.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Crocs had its price target lowered by analysts at Barclays PLC from $164.00 to $125.00. They now have an “overweight” rating on the stock.
• 10/15/2024 – Crocs was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/9/2024 – Crocs is now covered by analysts at Guggenheim. They set a “buy” rating and a $182.00 price target on the stock.
• 10/7/2024 – Crocs was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/26/2024 – Crocs had its price target raised by analysts at KeyCorp from $149.00 to $155.00. They now have an “overweight” rating on the stock.

Crocs Stock Down 1.5 %

Shares of NASDAQ:CROX opened at $106.21 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm’s 50-day simple moving average is $135.60 and its 200-day simple moving average is $138.24. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 1.09 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Crocs’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.25 EPS. As a group, equities research analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

Insider Transactions at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Large investors have recently made changes to their positions in the company. National Bank of Canada FI raised its position in Crocs by 8,437.1% in the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock worth $26,993,000 after purchasing an additional 180,555 shares in the last quarter. Pacer Advisors Inc. lifted its position in Crocs by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock valued at $159,235,000 after purchasing an additional 142,944 shares during the period. Marshall Wace LLP bought a new position in Crocs in the second quarter valued at approximately $19,598,000. LSV Asset Management boosted its position in shares of Crocs by 73.3% in the 1st quarter. LSV Asset Management now owns 300,413 shares of the textile maker’s stock worth $43,199,000 after purchasing an additional 127,100 shares during the last quarter. Finally, Distillate Capital Partners LLC acquired a new position in shares of Crocs during the 2nd quarter worth about $13,483,000. Institutional investors own 93.44% of the company’s stock.

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.