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

Crocs, Inc. (NASDAQ:CROXGet Free Report) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $148.80.

A number of brokerages have weighed in on CROX. KeyCorp dropped their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird dropped their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Finally, Needham & Company LLC began coverage on Crocs in a research note on Friday. They set a “buy” rating and a $116.00 price target on the stock.

Get Our Latest Analysis on Crocs

Crocs Stock Up 4.2 %

NASDAQ CROX opened at $106.08 on Friday. The stock’s 50 day simple moving average is $125.11 and its 200 day simple moving average is $135.74. Crocs has a one year low of $85.71 and a one year high of $165.32. The firm has a market cap of $6.18 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Crocs (NASDAQ:CROXGet Free Report) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business earned $3.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Crocs will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Susan L. Healy purchased 1,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. lifted its stake in shares of Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after acquiring an additional 180 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Company Profile

(Get Free Report

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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Analyst Recommendations for Crocs (NASDAQ:CROX)

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