Crocs (NASDAQ:CROX) Price Target Raised to $153.00

Crocs (NASDAQ:CROX) had its price objective boosted by Bank of America from $144.00 to $153.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other research analysts also recently commented on the company. UBS Group lowered their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Barclays lowered their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday. Monness Crespi & Hardt lowered their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.87.

Crocs Stock Performance

CROX stock opened at $108.43 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.32 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.67 and a beta of 1.93. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32. The stock’s 50 day simple moving average is $105.73 and its 200 day simple moving average is $119.24.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 49.70% and a net margin of 20.50%. As a group, equities research analysts predict that Crocs will post 12.92 EPS for the current year.

Institutional Trading of Crocs

Several institutional investors have recently modified their holdings of CROX. Creative Planning lifted its holdings in shares of Crocs by 7.6% in the third quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock valued at $780,000 after buying an additional 382 shares during the period. V Square Quantitative Management LLC lifted its holdings 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 valued at $45,000 after purchasing an additional 142 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in shares of Crocs during the third quarter valued at $1,731,000. Kirr Marbach & Co. LLC IN lifted its holdings in shares of Crocs by 1.9% during the third quarter. Kirr Marbach & Co. LLC IN now owns 27,465 shares of the textile maker’s stock valued at $3,977,000 after purchasing an additional 525 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Crocs by 63.4% during the third quarter. Blue Trust Inc. now owns 1,636 shares of the textile maker’s stock valued at $239,000 after purchasing an additional 635 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.