Barclays Has Lowered Expectations for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price target lowered by research analysts at Barclays from $125.00 to $122.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective indicates a potential upside of 12.51% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Guggenheim reduced their price target on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird lowered their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. UBS Group cut their price target 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. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, KeyCorp cut their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.87.

Crocs Stock Performance

NASDAQ:CROX opened at $108.43 on Friday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.67 and a beta of 1.93. The business has a 50 day moving average of $105.73 and a 200 day moving average of $119.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs has a 1-year low of $88.25 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 20.50% and a return on equity of 49.70%. On average, sell-side analysts predict that Crocs will post 12.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crocs

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after buying an additional 1,244,480 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after acquiring an additional 577,467 shares during the last quarter. Norges Bank bought a new position in shares of Crocs during the fourth quarter valued at $62,221,000. Altshuler Shaham Ltd boosted its stake in Crocs by 30,778.0% in the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock worth $50,055,000 after purchasing an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock valued at $143,309,000 after purchasing an additional 429,994 shares in the last quarter. 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.