Crocs (NASDAQ:CROX) Price Target Lowered to $150.00 at Robert W. Baird

Crocs (NASDAQ:CROX) had its price objective trimmed by Robert W. Baird from $180.00 to $150.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the textile maker’s stock.

Several other analysts also recently weighed in on CROX. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. UBS Group lowered their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Needham & Company LLC assumed coverage on shares of Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective on the stock. Guggenheim lowered their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Loop Capital cut Crocs from a “buy” rating to a “hold” rating and dropped their target price for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.47.

Crocs Stock Down 2.8 %

Shares of NASDAQ CROX opened at $90.76 on Monday. The stock has a 50 day moving average price of $106.69 and a 200 day moving average price of $120.19. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 1.67 and a beta of 1.93. Crocs has a 52-week low of $89.61 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43.

Insider Activity at Crocs

In other news, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Crocs

Institutional investors and hedge funds have recently modified their holdings of the company. Clear Harbor Asset Management LLC raised its stake in Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock valued at $341,000 after buying an additional 100 shares in the last quarter. Covestor Ltd raised its position in shares of Crocs by 10.3% during the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after acquiring an additional 114 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Crocs by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after purchasing an additional 117 shares during the last quarter. UMB Bank n.a. boosted its holdings in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock valued at $157,000 after purchasing an additional 129 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.