Crocs (NASDAQ:CROX) Trading 4.6% Higher

Crocs, Inc. (NASDAQ:CROX)’s stock price rose 4.6% during trading on Monday . The stock traded as high as $135.30 and last traded at $134.74. Approximately 464,113 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,315,205 shares. The stock had previously closed at $128.77.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CROX. UBS Group reduced their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target for the company. in a report on Friday, August 2nd. Piper Sandler restated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Finally, Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.27.

Crocs Stock Up 1.0 %

The company’s 50 day moving average price is $134.45 and its two-hundred day moving average price is $137.58. The firm has a market cap of $8.49 billion, a PE ratio of 10.82, a PEG ratio of 1.29 and a beta of 2.00. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. Crocs’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.59 EPS. On average, equities research analysts expect that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in Crocs during the first quarter worth about $25,000. Rise Advisors LLC purchased a new position in Crocs in the first quarter worth approximately $25,000. GHP Investment Advisors Inc. lifted its stake in Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after acquiring an additional 180 shares during the last quarter. Quest Partners LLC acquired a new stake in Crocs during the fourth quarter worth approximately $53,000. Finally, Quadrant Capital Group LLC raised its holdings in Crocs by 12.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock worth $108,000 after purchasing an additional 126 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.