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

Shares of Crocs, Inc. (NASDAQ:CROX) have received a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $146.80.

CROX has been the subject of several research reports. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Needham & Company LLC started coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price target on the stock. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. UBS Group dropped their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays cut their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th.

Crocs Trading Up 1.2 %

CROX stock opened at $104.77 on Thursday. Crocs has a one year low of $94.50 and a one year high of $165.32. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. The company has a fifty day moving average price of $108.03 and a two-hundred day moving average price of $122.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

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

Insider Buying and Selling

In other news, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, with a total value 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 $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crocs

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. lifted its position in Crocs by 11,200.0% during the third 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 period. UMB Bank n.a. lifted its stake 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 worth $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC grew its position in Crocs by 83.0% during the third 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 period. Avior Wealth Management LLC increased its holdings in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Crocs in the third quarter worth approximately $73,000. 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.