Crocs (NASDAQ:CROX) Stock Rating Lowered by StockNews.com

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

Other analysts also recently issued research reports about the stock. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and reduced their price target for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Guggenheim reduced their target price on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. UBS Group boosted their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, KeyCorp decreased their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Stock Performance

NASDAQ CROX opened at $107.60 on Thursday. The business has a 50 day moving average price of $105.39 and a 200 day moving average price of $118.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company has a market capitalization of $6.03 billion, a P/E ratio of 6.73, a PEG ratio of 1.83 and a beta of 1.93. Crocs has a 1-year low of $88.25 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Sell-side analysts expect that Crocs will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

A number of institutional investors and hedge funds have recently bought and sold shares of CROX. Crossmark Global Holdings Inc. grew its stake in Crocs by 55.8% during the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after buying an additional 14,387 shares during the period. Meeder Asset Management Inc. boosted its position in Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after purchasing an additional 20,797 shares during the period. Catalyst Capital Advisors LLC raised its position in Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Crocs in the third quarter worth about $2,024,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Crocs during the 3rd quarter valued at about $2,076,000. 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.