Crocs, Inc. (NASDAQ:CROX) Receives $162.58 Average PT from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $162.58.

CROX has been the topic of several research analyst reports. Raymond James cut shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective on the stock. in a research note on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Crocs in a report on Monday, July 29th. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd.

Crocs Trading Up 2.9 %

Shares of CROX opened at $133.75 on Tuesday. The stock has a 50 day simple moving average of $138.18 and a 200-day simple moving average of $138.62. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.12 billion, a PE ratio of 10.35, a PEG ratio of 1.35 and a beta of 1.99. Crocs has a 1 year low of $74.00 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $3.59 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that Crocs will post 12.88 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction dated Thursday, August 8th. The shares were 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Institutional Trading of Crocs

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global Assets Advisory LLC acquired a new position in Crocs during the first quarter valued at approximately $7,399,000. Signet Financial Management LLC bought a new position in shares of Crocs during the first quarter worth $201,000. Asio Capital LLC grew its holdings in shares of Crocs by 0.7% in the 1st quarter. Asio Capital LLC now owns 45,900 shares of the textile maker’s stock valued at $6,600,000 after buying an additional 307 shares during the period. Oliver Luxxe Assets LLC bought a new stake in shares of Crocs in the 1st quarter valued at $1,087,000. Finally, State of Michigan Retirement System raised its stake in Crocs by 2.1% during the 1st quarter. State of Michigan Retirement System now owns 14,838 shares of the textile maker’s stock worth $2,134,000 after buying an additional 300 shares during the period. 93.44% of the stock is owned by institutional investors.

Crocs Company Profile

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.