Brokerages Set Crocs, Inc. (NASDAQ:CROX) Target Price at $151.14

Crocs, Inc. (NASDAQ:CROX) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $151.14.

Several equities analysts recently commented on the company. Monness Crespi & Hardt dropped their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and set a $170.00 price objective on shares of Crocs in a report on Monday, July 29th. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Barclays cut their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at Crocs

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

Institutional Trading of Crocs

A number of hedge funds have recently made changes to their positions in CROX. GHP Investment Advisors Inc. boosted its stake in Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. grew its stake in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after buying an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

Crocs stock opened at $98.59 on Friday. The company has a market cap of $5.75 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01. Crocs has a one year low of $85.71 and a one year high of $165.32. The business has a fifty day moving average of $126.09 and a two-hundred day moving average of $136.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $3.25 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts predict that Crocs will post 12.93 earnings per share for the current fiscal year.

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.