StockNews.com Downgrades Crocs (NASDAQ:CROX) to Hold

Crocs (NASDAQ:CROX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other analysts have also weighed in on CROX. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and increased their target price for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Monness Crespi & Hardt decreased their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Needham & Company LLC assumed coverage on shares of Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price on the stock. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, UBS Group lowered their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

Crocs Trading Down 1.1 %

CROX stock opened at $111.72 on Thursday. The firm’s fifty day simple moving average is $115.56 and its two-hundred day simple moving average is $132.32. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.14 and a beta of 1.98. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs has a twelve month low of $85.71 and a twelve month high of $165.32.

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

Insider Activity

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

Institutional Trading of Crocs

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its stake in shares of Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after purchasing an additional 180 shares during the last quarter. Financial Management Professionals Inc. raised its position in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares during the last quarter. UMB Bank n.a. lifted its stake in Crocs by 64.9% during 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 during the period. V Square Quantitative Management LLC boosted its holdings in shares of Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after acquiring an additional 208 shares during the period. 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.