Analysts Set Crocs, Inc. (NASDAQ:CROX) Target Price at $148.80

Crocs, Inc. (NASDAQ:CROX) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $148.80.

CROX has been the topic of a number of research reports. Barclays dropped 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. KeyCorp dropped their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird reduced their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, Needham & Company LLC initiated coverage on Crocs in a research report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective for the company.

Crocs Stock Down 1.1 %

Crocs stock opened at $111.72 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs has a fifty-two week low of $85.71 and a fifty-two week high of $165.32. The firm has a fifty day moving average price of $115.56 and a two-hundred day moving average price of $132.01. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.14 and a beta of 1.98.

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

Insider Buying and Selling

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

Institutional Trading of Crocs

Several large investors have recently made changes to their positions in CROX. Franklin Resources Inc. lifted its position in Crocs by 31.1% during the 3rd quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker’s stock worth $6,497,000 after buying an additional 11,056 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Crocs by 64.5% in the third quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker’s stock worth $3,139,000 after acquiring an additional 8,498 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Crocs in the third quarter worth about $73,000. World Investment Advisors LLC acquired a new position in shares of Crocs during the third quarter worth approximately $211,000. Finally, TD Private Client Wealth LLC grew its stake in shares of Crocs by 21.0% during the third quarter. TD Private Client Wealth LLC now owns 1,245 shares of the textile maker’s stock valued at $180,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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.