StockNews.com Downgrades Crocs (NASDAQ:CROX) to Hold

Crocs (NASDAQ:CROX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other brokerages also recently issued reports on CROX. Monness Crespi & Hardt dropped their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Guggenheim dropped their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Loop Capital downgraded shares of 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. Finally, Bank of America boosted their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Stock Up 3.4 %

Shares of NASDAQ CROX opened at $110.97 on Thursday. The company has a market capitalization of $6.22 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 1.82 and a beta of 1.93. Crocs has a 52-week low of $88.25 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company’s 50 day moving average price is $105.55 and its 200-day moving average price is $118.92.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Equities analysts forecast that Crocs will post 12.97 earnings per share for the current year.

Insider Transactions at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Several institutional investors have recently made changes to their positions in CROX. Creative Planning grew its stake in shares of Crocs by 7.6% in the 3rd quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock worth $780,000 after acquiring an additional 382 shares in the last quarter. Blue Trust Inc. grew its position in Crocs by 63.4% during the third quarter. Blue Trust Inc. now owns 1,636 shares of the textile maker’s stock valued at $239,000 after buying an additional 635 shares during the period. Private Advisor Group LLC grew its position in Crocs by 23.2% during the third quarter. Private Advisor Group LLC now owns 19,044 shares of the textile maker’s stock valued at $2,758,000 after buying an additional 3,584 shares during the period. International Assets Investment Management LLC bought a new position in Crocs during the third quarter valued at about $2,076,000. Finally, Riverwater Partners LLC grew its position in Crocs by 86.3% during the third quarter. Riverwater Partners LLC now owns 19,797 shares of the textile maker’s stock valued at $2,787,000 after buying an additional 9,168 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.