Stifel Nicolaus Has Lowered Expectations for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price target trimmed by Stifel Nicolaus from $138.00 to $127.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

CROX has been the subject of several other reports. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. KeyCorp lowered 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. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. Finally, Barclays dropped their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Crocs Stock Down 3.1 %

NASDAQ CROX opened at $92.56 on Thursday. The business’s fifty day simple moving average is $101.91 and its 200-day simple moving average is $109.90. 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 cap of $5.19 billion, a PE ratio of 5.79, a P/E/G ratio of 1.80 and a beta of 1.62. Crocs has a 52 week low of $86.11 and a 52 week high of $165.32.

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

Insiders Place Their Bets

In related news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the company’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 sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crocs

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares in the last quarter. Allianz SE acquired a new stake in shares of Crocs in the 4th quarter valued at $53,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Crocs in the 3rd quarter valued at $73,000. Ameriflex Group Inc. purchased a new stake in shares of Crocs during the 4th quarter worth $54,000. Finally, Parallel Advisors LLC grew its stake in shares of Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker’s stock worth $67,000 after purchasing an additional 132 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

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.