KeyCorp Issues Pessimistic Forecast for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROXGet Free Report) had its price target lowered by research analysts at KeyCorp from $150.00 to $120.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. KeyCorp’s target price suggests a potential upside of 15.84% from the stock’s previous close. KeyCorp also issued estimates for Crocs’ FY2026 earnings at $13.60 EPS.

A number of other research firms have also issued reports on CROX. Guggenheim restated a “buy” rating and set a $155.00 price objective on shares of Crocs in a research report on Friday, December 6th. Robert W. Baird lowered their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and cut their price objective for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Needham & Company LLC started coverage on Crocs in a research report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price on the stock. Finally, UBS Group decreased their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $146.80.

View Our Latest Stock Report on CROX

Crocs Stock Performance

Crocs stock opened at $103.59 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs has a 12 month low of $94.50 and a 12 month high of $165.32. The company has a fifty day moving average price of $107.68 and a two-hundred day moving average price of $123.13. The company has a market cap of $6.04 billion, a PE ratio of 7.51, a P/E/G ratio of 1.79 and a beta of 1.95.

Crocs (NASDAQ:CROXGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $3.25 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that Crocs will post 12.93 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Crocs

Hedge funds have recently modified their holdings of the business. FMR LLC raised its position in shares of Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after buying an additional 406,287 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares during the period. State Street Corp lifted its holdings in shares of Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after acquiring an additional 13,467 shares during the period. Rheos Capital Works Inc. boosted its position in Crocs by 30.6% in the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after buying an additional 45,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Crocs by 34.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after acquiring an additional 46,890 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

About Crocs

(Get Free Report)

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.

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