Crocs (NASDAQ:CROX) Raised to “Buy” at Loop Capital

Crocs (NASDAQ:CROX) was upgraded by investment analysts at Loop Capital from a “hold” rating to a “buy” rating in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $110.00 price target on the textile maker’s stock. Loop Capital’s price target indicates a potential upside of 10.00% from the company’s current price.

Other research analysts have also issued reports about the stock. UBS Group upped their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Robert W. Baird reduced their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. KeyCorp cut 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, Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Crocs Trading Down 1.8 %

Shares of Crocs stock opened at $100.00 on Wednesday. Crocs has a 1 year low of $88.25 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The business has a 50 day moving average price of $103.14 and a 200 day moving average price of $115.62. The company has a market capitalization of $5.61 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Sell-side analysts anticipate that Crocs will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, 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.

Institutional Investors Weigh In On Crocs

Several hedge funds have recently modified their holdings of CROX. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Crocs in the fourth quarter valued at approximately $3,385,000. Jefferies Financial Group Inc. purchased a new position in shares of Crocs in the fourth quarter valued at $419,000. Ameriflex Group Inc. acquired a new stake in Crocs during the 4th quarter valued at $54,000. Jupiter Wealth Management LLC increased its stake in Crocs by 28.6% during the 4th quarter. Jupiter Wealth Management LLC now owns 8,100 shares of the textile maker’s stock worth $887,000 after buying an additional 1,800 shares during the period. Finally, CSS LLC IL acquired a new position in Crocs in the 4th quarter worth $617,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

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.