Guggenheim Cuts Crocs (NASDAQ:CROX) Price Target to $155.00

Crocs (NASDAQ:CROX) had its price target lowered by Guggenheim from $182.00 to $155.00 in a report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

CROX has been the subject of several other reports. Barclays lowered their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Monness Crespi & Hardt decreased their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Crocs Stock Down 1.5 %

Shares of CROX opened at $106.21 on Wednesday. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 1.10 and a beta of 2.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.95 and a current ratio of 1.43. The stock has a fifty day moving average of $135.60 and a 200-day moving average of $138.11.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $3.25 EPS. As a group, sell-side analysts anticipate that Crocs will post 12.94 earnings per share for the current fiscal year.

Insider Activity at Crocs

In related news, 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Crocs

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB lifted its position in shares of Crocs by 17.0% during the 1st quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after buying an additional 7,448 shares in the last quarter. Boston Partners bought a new position in shares of Crocs during the 1st quarter worth approximately $10,771,000. Russell Investments Group Ltd. lifted its position in shares of Crocs by 78.2% during the 1st quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock worth $5,053,000 after buying an additional 15,418 shares in the last quarter. Motley Fool Asset Management LLC bought a new position in shares of Crocs during the 1st quarter worth approximately $1,387,000. Finally, Virtu Financial LLC bought a new position in shares of Crocs during the 2nd quarter worth approximately $3,358,000. 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.