Crocs, Inc. (NASDAQ:CROX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $143.53.

A number of equities research analysts have commented on CROX shares. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and lowered their target price for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Guggenheim reduced their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird lowered their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th.

Crocs Trading Down 1.3 %

Shares of CROX stock opened at $99.57 on Monday. Crocs has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. 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 business has a fifty day simple moving average of $104.78 and a 200-day simple moving average of $117.83. The stock has a market cap of $5.58 billion, a P/E ratio of 6.23, a P/E/G ratio of 1.80 and a beta of 1.93.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (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%. On average, analysts forecast that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents 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 business’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 of the company’s stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Crocs

A number of hedge funds have recently made changes to their positions in CROX. Arrowstreet Capital Limited Partnership increased its holdings in Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares during the period. Norges Bank acquired a new stake in shares of Crocs in the fourth quarter valued at about $62,221,000. Altshuler Shaham Ltd raised its holdings in shares of Crocs by 30,778.0% during the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock valued at $50,055,000 after buying an additional 455,515 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock worth $143,309,000 after acquiring an additional 429,994 shares in the last quarter. Hedge funds and other 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.