Crocs’ (CROX) Hold Rating Reaffirmed at Williams Trading

Williams Trading reiterated their hold rating on shares of Crocs (NASDAQ:CROX) in a research note published on Tuesday, Benzinga reports. The firm currently has a $125.00 target price on the textile maker’s stock, down from their previous target price of $135.00.

Other research analysts have also issued research reports about the company. Barclays assumed coverage on Crocs in a research report on Monday, April 1st. They set an overweight rating and a $167.00 price objective for the company. OTR Global upgraded shares of Crocs from a mixed rating to a positive rating in a research report on Thursday, April 11th. Stifel Nicolaus lifted their price objective on shares of Crocs from $132.00 to $140.00 and gave the company a buy rating in a research report on Friday, February 16th. B. Riley upped their target price on shares of Crocs from $95.00 to $122.00 and gave the stock a neutral rating in a research report on Wednesday, April 10th. Finally, Bank of America lifted their price target on Crocs from $140.00 to $150.00 and gave the company a buy rating in a report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $147.09.

Crocs Stock Performance

CROX stock opened at $120.68 on Tuesday. The stock’s 50 day simple moving average is $126.12 and its 200 day simple moving average is $105.64. Crocs has a 12-month low of $74.00 and a 12-month high of $151.32. The firm has a market cap of $7.30 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.58 and a beta of 2.01. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company had revenue of $960.10 million for the quarter, compared to analysts’ expectations of $958.39 million. During the same period in the prior year, the company earned $2.65 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Crocs will post 12.46 EPS for the current year.

Insider Buying and Selling

In other Crocs news, Director John B. Replogle acquired 1,972 shares of Crocs stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the transaction, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John B. Replogle purchased 1,972 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the acquisition, the director now owns 3,153 shares of the company’s stock, valued at $399,642.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michelle Poole sold 5,074 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $124.98, for a total value of $634,148.52. Following the sale, the president now directly owns 52,966 shares of the company’s stock, valued at $6,619,690.68. The disclosure for this sale can be found here. Insiders have sold a total of 39,867 shares of company stock valued at $4,786,276 over the last three months. Company insiders own 2.69% of the company’s stock.

Institutional Trading of Crocs

A number of hedge funds have recently bought and sold shares of CROX. JPMorgan Chase & Co. lifted its position in shares of Crocs by 0.6% in the 1st quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker’s stock valued at $12,269,000 after acquiring an additional 972 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Crocs by 91.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker’s stock valued at $1,948,000 after purchasing an additional 12,173 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Crocs by 156.1% in the first quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker’s stock valued at $1,623,000 after purchasing an additional 12,941 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Crocs by 9.7% during the first quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker’s stock valued at $549,000 after buying an additional 634 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Crocs by 2.7% during the first quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker’s stock valued at $12,306,000 after buying an additional 4,287 shares during the period. 93.44% of the stock is owned by hedge funds and other 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.