Crocs, Inc. (NASDAQ:CROX) Receives $148.80 Consensus Price Target from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $148.80.

Several equities analysts recently issued reports on CROX shares. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Needham & Company LLC began coverage on shares of Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective on the stock. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th.

Crocs Stock Down 0.9 %

Shares of Crocs stock opened at $111.06 on Friday. Crocs has a 52-week low of $94.50 and a 52-week high of $165.32. The company has a 50 day moving average of $107.29 and a 200 day moving average of $126.71. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $6.47 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.14 and a beta of 1.95.

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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm earned $3.25 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts forecast that Crocs will post 12.93 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction dated 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 directly owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Institutional investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. raised its holdings in Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC raised its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after acquiring an additional 142 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 208 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

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.