Crocs, Inc. (NASDAQ:CROX) Given Consensus Rating of “Moderate Buy” by Brokerages

Crocs, Inc. (NASDAQ:CROX) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $143.53.

Several research firms have weighed in on CROX. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. UBS Group upped their price objective 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. Bank of America increased their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Barclays lowered their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th.

Insider Activity at Crocs

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

Hedge Funds Weigh In On Crocs

A number of hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after purchasing an additional 47,576 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the last quarter. State Street Corp increased its holdings in shares of Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after purchasing an additional 13,467 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Crocs by 1,516.1% in 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 last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

CROX stock opened at $107.60 on Monday. The firm has a 50-day moving average of $105.39 and a two-hundred day moving average of $118.65. The firm has a market capitalization of $6.03 billion, a PE ratio of 6.73, a P/E/G ratio of 1.80 and a beta of 1.93. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs has a one year low of $88.25 and a one year high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, analysts forecast that Crocs will post 13.2 earnings per share for the current year.

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.