Crocs, Inc. (NASDAQ:CROX) Receives $148.80 Average PT from Brokerages

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

Several research analysts recently commented on the stock. Needham & Company LLC started coverage on shares of Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. KeyCorp reduced their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Guggenheim restated a “buy” rating and issued a $155.00 price objective on shares of Crocs in a report on Friday, December 6th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and reduced their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Finally, Robert W. Baird decreased their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th.

Crocs Price Performance

Shares of NASDAQ CROX opened at $111.72 on Wednesday. The company has a fifty day moving average price of $115.56 and a 200 day moving average price of $132.32. The firm has a market cap of $6.51 billion, a PE ratio of 8.10, a PEG ratio of 1.14 and a beta of 1.98. 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.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $3.25 EPS. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts predict that Crocs will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased 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 owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was bought 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 owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Several institutional investors and hedge funds have recently added to or reduced their stakes in CROX. FMR LLC lifted its stake in shares of Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after acquiring an additional 406,287 shares during the last quarter. State Street Corp raised its position in Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after purchasing an additional 13,467 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Crocs by 33.8% during the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock valued at $211,372,000 after purchasing an additional 368,557 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Crocs by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after purchasing an additional 11,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Crocs by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after buying an additional 89,610 shares during the period. Institutional investors own 93.44% of the company’s stock.

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.