Crocs (NASDAQ:CROX) Receives New Coverage from Analysts at Guggenheim

Equities researchers at Guggenheim assumed coverage on shares of Crocs (NASDAQ:CROX) in a research note issued on Wednesday, Benzinga reports. The brokerage set a “buy” rating and a $182.00 price target on the textile maker’s stock. Guggenheim’s price objective points to a potential upside of 34.21% from the stock’s previous close.

A number of other research firms also recently commented on CROX. Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a research note on Friday, August 2nd. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Monday. Barclays dropped their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. KeyCorp upped their target price on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Finally, UBS Group dropped their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.58.

Crocs Price Performance

Shares of NASDAQ CROX opened at $135.61 on Wednesday. The company has a fifty day moving average price of $136.70 and a 200 day moving average price of $138.87. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm has a market cap of $8.23 billion, a PE ratio of 10.50, a PEG ratio of 1.44 and a beta of 1.99.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $3.59 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts predict that Crocs will post 12.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction dated 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 transaction, the director now directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction dated 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 transaction, the director now directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle bought 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the transaction, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Crocs by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after purchasing an additional 76,460 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Crocs by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after purchasing an additional 142,944 shares in the last quarter. Coatue Management LLC boosted its position in shares of Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after acquiring an additional 919,835 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Crocs by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after acquiring an additional 11,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Crocs by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after acquiring an additional 89,610 shares in the last quarter. Institutional investors and hedge funds 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.