Crocs, Inc. (NASDAQ:CROX) Receives $162.58 Consensus Price Target from Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $162.58.

Several research firms have commented on CROX. Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. UBS Group cut their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd.

Crocs Stock Down 1.0 %

CROX stock opened at $129.99 on Tuesday. The firm has a market capitalization of $7.89 billion, a PE ratio of 10.06, a P/E/G ratio of 1.35 and a beta of 1.99. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. Crocs has a twelve month low of $74.00 and a twelve month high of $165.32. The stock’s 50 day moving average is $138.23 and its 200-day moving average is $138.54.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $3.59 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that Crocs will post 12.88 EPS for the current fiscal year.

Insider Activity

In other Crocs news, Director John B. Replogle acquired 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, with a total value of $247,424.16. Following the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John B. Replogle acquired 1,996 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the acquisition, the director now owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of Crocs 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Several institutional investors and hedge funds have recently bought and sold shares of CROX. State of Alaska Department of Revenue increased its holdings in shares of Crocs by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 9,433 shares of the textile maker’s stock worth $1,365,000 after purchasing an additional 330 shares during the period. Financial Management Professionals Inc. grew its position in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in Crocs by 4.0% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock worth $436,000 after acquiring an additional 115 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Crocs by 477.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 11,246 shares of the textile maker’s stock worth $1,614,000 after acquiring an additional 9,300 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Crocs by 69.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,224 shares of the textile maker’s stock valued at $1,191,000 after acquiring an additional 3,364 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

About Crocs

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.