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

Shares of Crocs, Inc. (NASDAQ:CROX) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $148.80.

CROX has been the topic of several recent analyst reports. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and cut their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. KeyCorp decreased their price target on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird cut their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report 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 target price for the company.

Insiders Place Their Bets

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

Institutional Trading of Crocs

A number of large investors have recently added to or reduced their stakes in CROX. Davis Investment Partners LLC grew its position in shares of Crocs by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after acquiring an additional 77 shares during the period. Central Pacific Bank Trust Division increased its position in Crocs by 8.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock worth $195,000 after buying an additional 100 shares during the last quarter. Covestor Ltd raised its stake in shares of Crocs by 10.3% in the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock valued at $178,000 after buying an additional 114 shares during the period. Clear Harbor Asset Management LLC lifted its position in shares of Crocs by 4.0% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock valued at $436,000 after buying an additional 115 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 0.3 %

Shares of NASDAQ CROX opened at $110.04 on Friday. The company’s 50 day moving average price is $107.41 and its 200-day moving average price is $126.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs has a 52-week low of $94.50 and a 52-week high of $165.32. The company has a market capitalization of $6.41 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.95.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $3.25 earnings per share. Crocs’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts forecast that Crocs will post 12.93 earnings per share for the current year.

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.