Crocs, Inc. (NASDAQ:CROX) Receives $143.53 Average Target Price from Brokerages

Crocs, Inc. (NASDAQ:CROX) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $143.53.

Several equities analysts recently issued reports on CROX shares. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Wednesday, March 12th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. UBS Group upped their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Bank of America boosted their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th.

Crocs Stock Down 0.8 %

CROX stock opened at $104.59 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $102.14 and a 200 day moving average of $113.48. Crocs has a twelve month low of $88.25 and a twelve month high of $165.32. The firm has a market cap of $5.86 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Crocs will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

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