Robert W. Baird Issues Pessimistic Forecast for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price objective decreased by equities research analysts at Robert W. Baird from $180.00 to $150.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price target points to a potential upside of 60.65% from the company’s current price.

Several other equities analysts have also issued reports on the company. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and decreased their price objective for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Guggenheim cut their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Barclays lowered their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, KeyCorp cut their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $144.47.

Crocs Stock Performance

CROX stock opened at $93.37 on Monday. Crocs has a 1-year low of $92.39 and a 1-year high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.44 billion, a PE ratio of 6.77, a P/E/G ratio of 1.67 and a beta of 1.93. The business’s 50-day moving average price is $107.06 and its two-hundred day moving average price is $120.43.

Insider Transactions at Crocs

In other news, CFO Susan L. Healy bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.72% of the stock is owned by company insiders.

Institutional Trading of Crocs

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares during the last quarter. Pacer Advisors Inc. boosted its position in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the period. State Street Corp raised its position in shares of Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after purchasing an additional 13,467 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Crocs by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker’s stock worth $78,360,000 after buying an additional 8,014 shares during the last quarter. Finally, Rheos Capital Works Inc. lifted its stake in shares of Crocs by 30.6% during the 4th quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after buying an additional 45,000 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.