Crocs (NASDAQ:CROX) PT Raised to $169.00 at Barclays

Crocs (NASDAQ:CROX) had its price objective raised by investment analysts at Barclays from $167.00 to $169.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target points to a potential upside of 24.75% from the company’s previous close.

Other research analysts also recently issued reports about the stock. KeyCorp upped their target price on shares of Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. OTR Global upgraded shares of Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Williams Trading restated a “hold” rating and issued a $125.00 price target (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Piper Sandler upped their price objective on Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, Bank of America boosted their target price on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.42.

Crocs Price Performance

Shares of CROX traded down $1.02 during mid-day trading on Wednesday, hitting $135.47. 823,452 shares of the company traded hands, compared to its average volume of 1,418,551. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.56 and a beta of 2.03. The business has a 50-day moving average of $129.57 and a 200 day moving average of $109.82. Crocs has a one year low of $74.00 and a one year high of $146.79.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The firm had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $2.61 EPS. As a group, equities analysts expect that Crocs will post 12.44 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, Director Ian Bickley sold 16,785 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the completion of the transaction, the director now owns 31,815 shares in the company, valued at approximately $3,819,390.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares in the company, valued at $3,819,390.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the sale, the executive vice president now directly owns 219,293 shares in the company, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,867 shares of company stock valued at $4,786,276. 2.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in shares of Crocs by 78.2% in the 1st quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock valued at $5,053,000 after acquiring an additional 15,418 shares during the period. QRG Capital Management Inc. acquired a new stake in Crocs in the 1st quarter valued at about $268,000. Sei Investments Co. grew its holdings in Crocs by 17.3% during the first quarter. Sei Investments Co. now owns 18,215 shares of the textile maker’s stock worth $2,619,000 after purchasing an additional 2,680 shares during the period. Allegheny Financial Group LTD acquired a new position in Crocs during the first quarter worth approximately $200,000. Finally, Lisanti Capital Growth LLC boosted its stake in shares of Crocs by 30.8% during the 1st quarter. Lisanti Capital Growth LLC now owns 29,290 shares of the textile maker’s stock worth $4,212,000 after acquiring an additional 6,900 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.