Crocs (NASDAQ:CROX) Downgraded by StockNews.com to “Hold”

Crocs (NASDAQ:CROX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities analysts have also weighed in on the company. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. KeyCorp cut their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Barclays decreased their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Monness Crespi & Hardt cut their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Guggenheim reaffirmed a “buy” rating and set a $155.00 price objective on shares of Crocs in a report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Trading Down 1.1 %

Crocs stock opened at $111.72 on Thursday. The firm has a market cap of $6.51 billion, a PE ratio of 8.10, a P/E/G ratio of 1.14 and a beta of 1.98. Crocs has a 12 month low of $85.71 and a 12 month high of $165.32. The stock’s 50 day simple moving average is $115.56 and its two-hundred day simple moving average is $132.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $3.25 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Crocs will post 12.93 earnings per share for the current year.

Insider Activity at Crocs

In other news, Director John B. Replogle purchased 2,240 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Susan L. Healy purchased 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Davis Investment Partners LLC increased its position in shares of Crocs by 0.8% during the third quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after acquiring an additional 77 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Crocs by 8.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 85 shares during the last quarter. Central Pacific Bank Trust Division raised its position in Crocs by 8.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 100 shares during the period. Covestor Ltd lifted its stake in Crocs by 10.3% during the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after purchasing an additional 114 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its position in shares of Crocs by 4.0% during the third quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock worth $436,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.