Loop Capital Lowers Crocs (NASDAQ:CROX) Price Target to $150.00

Crocs (NASDAQ:CROX) had its target price reduced by investment analysts at Loop Capital from $155.00 to $150.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Loop Capital’s target price would suggest a potential upside of 39.12% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $170.00 target price on shares of Crocs in a research report on Friday, August 23rd. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. KeyCorp dropped their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Barclays dropped their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Crocs Price Performance

Shares of CROX opened at $107.82 on Wednesday. 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 company’s fifty day simple moving average is $137.05 and its 200 day simple moving average is $138.45. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.35 and a beta of 1.99.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.47. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business posted $3.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Crocs will post 12.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle bought 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, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John B. Replogle acquired 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Several institutional investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC boosted its holdings 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 acquiring an additional 7,633 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Crocs by 15.9% in the third quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker’s stock valued at $320,000 after acquiring an additional 303 shares during the last quarter. IAG Wealth Partners LLC bought a new stake in Crocs in the third quarter valued at approximately $796,000. Van ECK Associates Corp boosted its holdings in Crocs by 40.0% in the third quarter. Van ECK Associates Corp now owns 36,618 shares of the textile maker’s stock valued at $5,303,000 after acquiring an additional 10,463 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Crocs by 23.6% in the third quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker’s stock valued at $3,068,000 after acquiring an additional 4,051 shares during the last quarter. 93.44% of the stock is currently 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.