Crocs (NASDAQ:CROX) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Crocs (NASDAQ:CROX) from a buy rating to a hold rating in a research note published on Monday.

CROX has been the topic of several other research reports. Barclays dropped their target price on Crocs from $169.00 to $164.00 and set an overweight rating on the stock in a research report on Friday, August 2nd. Piper Sandler reiterated an overweight rating and set a $170.00 target price on shares of Crocs in a research report on Friday, August 23rd. Raymond James cut Crocs from a strong-buy rating to an outperform rating and set a $164.00 target price on the stock. in a research report on Friday, August 2nd. KeyCorp upped their price target on Crocs from $149.00 to $155.00 and gave the stock an overweight rating in a report on Thursday, September 26th. Finally, UBS Group lowered their price target on Crocs from $148.00 to $146.00 and set a neutral rating on the stock in a report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $162.58.

Crocs Stock Up 1.2 %

CROX opened at $136.74 on Monday. The business has a 50 day moving average price of $136.83 and a two-hundred day moving average price of $138.83. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.30 billion, a PE ratio of 10.58, a P/E/G ratio of 1.44 and a beta of 1.99. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.59 EPS. As a group, research analysts anticipate that Crocs will post 12.85 EPS for the current year.

Insider Activity at Crocs

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

Institutional Trading of Crocs

A number of institutional investors and hedge funds have recently bought and sold shares of CROX. Davis Investment Partners LLC grew its stake in Crocs by 0.8% during the third quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock worth $1,362,000 after buying an additional 77 shares during the period. Nisa Investment Advisors LLC raised its position in Crocs by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 85 shares during the period. Central Pacific Bank Trust Division raised its position in Crocs by 8.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 100 shares during the period. Riverwater Partners LLC lifted its stake in shares of Crocs by 1.0% during the first quarter. Riverwater Partners LLC now owns 10,725 shares of the textile maker’s stock worth $1,542,000 after purchasing an additional 104 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its position in shares of Crocs by 1.6% in the second quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock worth $1,036,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds 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.