Crocs (NASDAQ:CROX) Now Covered by Guggenheim

Guggenheim started coverage on shares of Crocs (NASDAQ:CROX) in a report issued on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $182.00 price target on the textile maker’s stock. Guggenheim’s price target suggests a potential upside of 33.10% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Raymond James cut shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target for the company. in a research note on Friday, August 2nd. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Bank of America upped their target price on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Finally, UBS Group reduced their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.58.

Crocs Trading Up 1.2 %

NASDAQ:CROX opened at $136.74 on Wednesday. The company has a market cap of $8.12 billion, a P/E ratio of 10.28, a P/E/G 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. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The stock’s fifty day moving average price is $136.83 and its two-hundred day moving average price is $138.83.

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

Insider Activity at Crocs

In related news, Director John B. Replogle purchased 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the purchase, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director John B. Replogle acquired 1,996 shares of the stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the firm’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 sale, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crocs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Crocs by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock valued at $801,346,000 after acquiring an additional 76,460 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Crocs by 15.1% in the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after purchasing an additional 142,944 shares in the last quarter. Coatue Management LLC grew its position in shares of Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after purchasing an additional 919,835 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Crocs by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after buying an additional 11,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Crocs by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after purchasing an additional 89,610 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.