Crocs, Inc. (NASDAQ:CROX) Receives $143.53 Consensus Target Price from Analysts

Crocs, Inc. (NASDAQ:CROX) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $143.53.

Several research analysts have recently issued reports on the company. UBS Group increased their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Robert W. Baird lowered their target price 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. Needham & Company LLC restated a “buy” rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Guggenheim dropped their target price on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

Crocs Trading Up 1.5 %

Crocs stock opened at $112.59 on Friday. Crocs has a 52-week low of $88.25 and a 52-week high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.80 and a beta of 1.84. The firm has a 50-day moving average price of $102.39 and a two-hundred day moving average price of $113.19.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) 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 expect that Crocs will post 13.2 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in Crocs by 40.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after acquiring an additional 5,995 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Crocs by 17.1% during the third quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock worth $1,770,000 after purchasing an additional 1,783 shares during the period. Quest Partners LLC purchased a new position in Crocs during the third quarter valued at approximately $905,000. Pathstone Holdings LLC increased its stake in Crocs by 24.2% in the 3rd quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock valued at $1,853,000 after buying an additional 2,491 shares during the period. Finally, Banque Cantonale Vaudoise lifted its position in Crocs by 104.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 1,583 shares of the textile maker’s stock worth $229,000 after buying an additional 808 shares in the last quarter. Hedge funds and other institutional investors 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.