Barclays Lowers Crocs (NASDAQ:CROX) Price Target to $125.00

Crocs (NASDAQ:CROX) had its price target dropped by research analysts at Barclays from $164.00 to $125.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would suggest a potential upside of 12.03% from the company’s previous close.

CROX has been the subject of several other reports. Wedbush reissued an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Raymond James downgraded Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a research note on Friday, August 2nd. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Guggenheim started coverage on Crocs in a research report on Wednesday, October 9th. They set a “buy” rating and a $182.00 price target for the company. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.33.

Crocs Stock Down 19.2 %

CROX stock traded down $26.47 during trading on Tuesday, reaching $111.58. 9,242,601 shares of the stock were exchanged, compared to its average volume of 1,315,544. The firm’s 50 day moving average is $138.15 and its 200 day moving average is $138.75. Crocs has a twelve month low of $74.00 and a twelve month high of $165.32. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.63 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99.

Crocs (NASDAQ:CROX) last posted its quarterly 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. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $3.59 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts forecast that Crocs will post 12.88 EPS for the current year.

Insider Activity at Crocs

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

Institutional Investors Weigh In On Crocs

A number of large investors have recently added to or reduced their stakes in CROX. National Bank of Canada FI raised its position in Crocs by 8,437.1% during the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock valued at $26,993,000 after purchasing an additional 180,555 shares in the last quarter. Pacer Advisors Inc. raised its position in Crocs by 15.1% during the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock valued at $159,235,000 after purchasing an additional 142,944 shares in the last quarter. Marshall Wace LLP purchased a new stake in Crocs during the second quarter valued at about $19,598,000. LSV Asset Management increased its holdings in shares of Crocs by 73.3% in the first quarter. LSV Asset Management now owns 300,413 shares of the textile maker’s stock worth $43,199,000 after buying an additional 127,100 shares during the period. Finally, Distillate Capital Partners LLC purchased a new position in shares of Crocs in the second quarter worth about $13,483,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.