Crocs, Inc. (NASDAQ:CROX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX) have been given an average rating of “Moderate Buy” by the sixteen research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $148.80.

CROX has been the topic of a number of analyst reports. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Piper Sandler restated an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Monness Crespi & Hardt lowered their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, Needham & Company LLC started coverage on shares of Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price for the company.

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the purchase, the director now directly owns 9,304 shares in the company, valued at approximately $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 owned by insiders.

Hedge Funds Weigh In On Crocs

Several hedge funds have recently modified their holdings of CROX. Franklin Resources Inc. raised its holdings in Crocs by 31.1% during the third quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker’s stock worth $6,497,000 after acquiring an additional 11,056 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Crocs by 64.5% during the 3rd quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker’s stock worth $3,139,000 after purchasing an additional 8,498 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Crocs in the 3rd quarter valued at approximately $73,000. World Investment Advisors LLC bought a new position in shares of Crocs in the third quarter valued at $211,000. Finally, TD Private Client Wealth LLC increased its holdings in Crocs by 21.0% during the third quarter. TD Private Client Wealth LLC now owns 1,245 shares of the textile maker’s stock worth $180,000 after buying an additional 216 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $111.72 on Wednesday. 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 has a 1-year low of $85.71 and a 1-year high of $165.32. The stock has a market capitalization of $6.51 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.14 and a beta of 1.98. The business has a 50-day moving average price of $115.56 and a two-hundred day moving average price of $132.01.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $3.25 EPS. Crocs’s revenue was up 1.6% on a year-over-year basis. Equities analysts predict that Crocs will post 12.93 earnings per share for the current year.

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.