Crocs, Inc. (NASDAQ:CROX – Get Free Report) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently 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 1 year price objective among analysts that have issued a report on the stock in the last year is $148.80.
Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. KeyCorp cut their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Monness Crespi & Hardt lowered 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. Finally, Barclays dropped their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th.
Read Our Latest Stock Analysis on CROX
Insider Buying and Selling
Institutional Investors Weigh In On Crocs
Several institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. raised its holdings in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC boosted its position in 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 boosted its position in 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 purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.
Crocs Trading Down 0.9 %
Shares of NASDAQ:CROX opened at $111.06 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $107.29 and its 200 day moving average price is $126.71. The company has a market cap of $6.47 billion, a PE ratio of 8.05, a P/E/G ratio of 1.14 and a beta of 1.95. Crocs has a fifty-two week low of $94.50 and a fifty-two week high of $165.32.
Crocs (NASDAQ:CROX – Get Free Report) 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. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $3.25 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Crocs will post 12.93 earnings per share for the current year.
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.
Featured Stories
- Five stocks we like better than Crocs
- How to Calculate Return on Investment (ROI)
- Disney: Forging a 3-Headed Sports Streaming Giant With Fubo Deal
- Most Volatile Stocks, What Investors Need to Know
- How Buffett’s Best and Worst Stock Bets Have Fared 5 Years Later
- Basic Materials Stocks Investing
- Bill Ackman’s Bold Case for Fannie Mae and Freddie Mac
Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.