Crocs (NASDAQ:CROX) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Crocs (NASDAQ:CROX) in a research note issued on Friday, MarketBeat reports. The firm set a “buy” rating and a $116.00 price target on the textile maker’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 9.35% from the stock’s current price.

Other analysts have also issued research reports about the company. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and decreased their price objective for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. UBS Group reduced their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Barclays decreased their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.80.

Crocs Stock Performance

Shares of CROX opened at $106.08 on Friday. Crocs has a 12-month low of $85.71 and a 12-month high of $165.32. The stock has a market cap of $6.18 billion, a P/E ratio of 7.69, a PEG ratio of 1.03 and a beta of 2.01. 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 company has a 50-day moving average of $125.11 and a two-hundred day moving average of $135.74.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.50. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.25 EPS. As a group, research analysts predict that Crocs will post 12.93 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

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

Institutional Investors Weigh In On Crocs

A number of large investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. boosted its holdings in Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after acquiring an additional 14,387 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after purchasing an additional 20,797 shares during the period. Catalyst Capital Advisors LLC grew its holdings in Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Crocs during the 3rd quarter worth $2,024,000. Finally, International Assets Investment Management LLC acquired a new position in Crocs in the 3rd quarter worth $2,076,000. 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.