Crocs (NASDAQ:CROX) Stock Rating Lowered by StockNews.com

Crocs (NASDAQ:CROX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other research analysts have also issued reports about the company. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Piper Sandler reissued an “overweight” rating and issued a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Raymond James lowered shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target on the stock. in a research report on Friday, August 2nd. KeyCorp upped their price objective on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Finally, Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.82.

Crocs Price Performance

NASDAQ CROX opened at $135.61 on Monday. The company has a market cap of $8.23 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.44 and a beta of 1.99. 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 company has a fifty day simple moving average of $136.70 and a 200 day simple moving average of $138.87.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $3.59 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Crocs will post 12.85 EPS for the current year.

Insider Activity

In related news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 81,254 shares in the company, valued at $10,756,404.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 transaction of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the purchase, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Several large investors have recently made changes to their positions in CROX. Rise Advisors LLC acquired a new position in Crocs during the 1st quarter worth about $25,000. GHP Investment Advisors Inc. increased its position in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock worth $144,000 after acquiring an additional 162 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Crocs by 8.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after buying an additional 85 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Crocs by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the textile maker’s stock valued at $156,000 after buying an additional 356 shares during the period. Institutional investors own 93.44% of the company’s stock.

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.