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

Crocs (NASDAQ:CROX) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

CROX has been the topic of a number of other reports. Needham & Company LLC reiterated a “buy” rating and set a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Bank of America increased their price target on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Robert W. Baird decreased their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Barclays cut their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Monness Crespi & Hardt reduced their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Crocs Trading Down 1.2 %

NASDAQ:CROX opened at $107.60 on Thursday. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93. Crocs has a one year low of $88.25 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The business’s 50-day simple moving average is $105.39 and its 200 day simple moving average is $118.75.

Crocs (NASDAQ:CROX) last announced 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%. As a group, sell-side analysts predict that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Several hedge funds and other institutional investors have recently made changes to their positions in CROX. Financial Management Professionals Inc. raised its stake in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares in the last quarter. Avior Wealth Management LLC increased 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 valued at $58,000 after purchasing an additional 208 shares during the period. UMB Bank n.a. increased its holdings in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the period. Allianz SE bought a new stake in shares of Crocs during the fourth quarter valued at about $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Crocs in the third quarter worth about $73,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.