Barclays Lowers Crocs (NASDAQ:CROX) Price Target to $125.00

Crocs (NASDAQ:CROX) had its price target decreased by research analysts at Barclays from $164.00 to $125.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s target price indicates a potential upside of 12.03% from the company’s previous close.

CROX has been the subject of a number of other reports. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. KeyCorp raised their price target on Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Raymond James downgraded Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a research note on Friday, August 2nd. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus price target of $159.33.

Crocs Stock Down 19.2 %

Crocs stock traded down $26.47 during midday trading on Tuesday, reaching $111.58. The stock had a trading volume of 9,242,601 shares, compared to its average volume of 1,315,544. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. The firm’s fifty day simple moving average is $138.15 and its 200-day simple moving average is $138.75. The stock has a market capitalization of $6.63 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $3.59 earnings per share. As a group, analysts expect that Crocs will post 12.88 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John B. Replogle bought 1,996 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the acquisition, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in shares of Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the last quarter. Financial Management Professionals Inc. grew its position in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares during the last quarter. UMB Bank n.a. grew its position in shares of Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after buying an additional 120 shares during the last quarter. V Square Quantitative Management LLC grew its position 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 buying an additional 142 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after buying an additional 162 shares during the last quarter. 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.