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

Crocs (NASDAQ:CROX) had its price target lowered by investment analysts at Guggenheim from $155.00 to $150.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Guggenheim’s price target would indicate a potential upside of 54.19% from the stock’s previous close.

CROX has been the topic of a number of other reports. Barclays decreased their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Robert W. Baird decreased their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. 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 for the company. KeyCorp cut their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Monness Crespi & Hardt reduced their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and an average target price of $146.47.

Crocs Stock Performance

NASDAQ:CROX opened at $97.28 on Monday. Crocs has a twelve month low of $94.50 and a twelve month high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The company has a market cap of $5.67 billion, a P/E ratio of 7.05, a P/E/G ratio of 1.78 and a beta of 1.93. The company’s 50-day moving average price is $107.68 and its 200-day moving average price is $121.19.

Insider Buying and Selling at Crocs

In other Crocs news, CFO Susan L. Healy acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in 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 purchasing an additional 406,287 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the period. State Street Corp increased its holdings in shares of Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after acquiring an additional 13,467 shares in the last quarter. Rheos Capital Works Inc. increased its stake in Crocs by 30.6% during the 4th quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after purchasing an additional 45,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Crocs by 34.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after buying an additional 46,890 shares during 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.