Crocs (NASDAQ:CROX – Get Free Report) had its price target cut by Barclays from $125.00 to $122.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would indicate a potential upside of 10.86% from the company’s current price.
Several other brokerages also recently weighed in on CROX. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday. Guggenheim cut their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and dropped their price target for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.87.
Check Out Our Latest Stock Analysis on Crocs
Crocs Stock Performance
Crocs (NASDAQ:CROX – Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 20.50% and a return on equity of 49.70%. As a group, equities analysts forecast that Crocs will post 12.92 earnings per share for the current year.
Institutional Trading of Crocs
Institutional investors have recently bought and sold shares of the company. Mcmorgan & Co. LLC increased its position in shares of Crocs by 16.3% in the fourth quarter. Mcmorgan & Co. LLC now owns 30,009 shares of the textile maker’s stock valued at $3,287,000 after buying an additional 4,206 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Crocs by 6.7% during the 4th quarter. MetLife Investment Management LLC now owns 33,285 shares of the textile maker’s stock valued at $3,646,000 after acquiring an additional 2,104 shares in the last quarter. Natixis purchased a new position in Crocs during the 4th quarter valued at about $9,272,000. Capital Research Global Investors acquired a new position in Crocs during the fourth quarter worth about $11,775,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Crocs by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker’s stock valued at $114,632,000 after purchasing an additional 89,647 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
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.
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