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

Crocs, Inc. (NASDAQ:CROX) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $143.53.

Several equities analysts recently weighed in on the stock. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Wednesday, March 12th. Barclays decreased their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Robert W. Baird dropped their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. KeyCorp decreased their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, 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.

Crocs Price Performance

Shares of Crocs stock opened at $112.59 on Friday. The stock has a market capitalization of $6.31 billion, a P/E ratio of 7.04, a PEG ratio of 1.80 and a beta of 1.84. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average price is $102.39 and its 200 day moving average price is $113.19. Crocs has a twelve month low of $88.25 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that Crocs will post 13.2 earnings per share for the current year.

Insider Transactions at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction 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 owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC raised its stake in Crocs by 42.0% during the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after acquiring an additional 22,809 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Crocs by 129.8% during the fourth quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock valued at $2,373,000 after purchasing an additional 12,245 shares during the last quarter. Motley Fool Wealth Management LLC acquired a new stake in shares of Crocs during the 3rd quarter worth approximately $9,097,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Crocs in the 3rd quarter worth approximately $17,122,000. Finally, Hancock Whitney Corp boosted its position in Crocs by 67.9% during the 3rd quarter. Hancock Whitney Corp now owns 13,936 shares of the textile maker’s stock valued at $2,018,000 after purchasing an additional 5,636 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

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.