Crocs, Inc. (NASDAQ:CROX) Receives Average Rating of “Moderate Buy” from Brokerages

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

A number of research analysts have issued reports on CROX shares. KeyCorp decreased their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Wednesday, March 12th. Robert W. Baird reduced their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays reduced their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value 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 approximately $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Several institutional investors have recently added to or reduced their stakes in CROX. UMB Bank n.a. lifted its holdings in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares in the last quarter. Allianz SE bought a new position in shares of Crocs in the 4th quarter worth $53,000. Ameriflex Group Inc. bought a new position in shares of Crocs in the 4th quarter worth $54,000. Avior Wealth Management LLC lifted its holdings in shares of Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Crocs in the 3rd quarter worth $73,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Down 1.4 %

CROX stock opened at $105.48 on Friday. The company has a market cap of $5.91 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The business has a 50-day simple moving average of $102.24 and a 200 day simple moving average of $114.13. Crocs has a 52 week low of $88.25 and a 52 week high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Sell-side analysts anticipate that Crocs will post 13.2 EPS for the current fiscal 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.