Crocs, Inc. (NASDAQ:CROX) Receives $151.14 Consensus Target Price from Brokerages

Crocs, Inc. (NASDAQ:CROX) has received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $151.14.

Several research firms have commented on CROX. Piper Sandler reiterated an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Monness Crespi & Hardt decreased their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a report on Monday, July 29th. UBS Group decreased their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and upped their price objective for the company from $135.00 to $163.00 in a report on Thursday, August 22nd.

Crocs Price Performance

Shares of CROX opened at $96.51 on Friday. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.99 and a beta of 2.01. Crocs has a 1-year low of $85.71 and a 1-year high of $165.32. The company’s fifty day simple moving average is $127.23 and its 200 day simple moving average is $136.57. 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 (NASDAQ:CROX) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.25 earnings per share. On average, research analysts forecast that Crocs will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Susan L. Healy acquired 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by company insiders.

Institutional Trading of Crocs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its holdings in shares of Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after buying an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $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.

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.