Loop Capital Cuts Crocs (NASDAQ:CROX) Price Target to $150.00

Crocs (NASDAQ:CROX) had its target price trimmed by Loop Capital from $155.00 to $150.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

CROX has been the subject of several other research reports. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Monness Crespi & Hardt lowered their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, UBS Group lowered their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Crocs Trading Down 1.5 %

Shares of CROX stock 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 cap of $6.19 billion, a price-to-earnings ratio of 7.70, a P/E/G 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 firm has a fifty day moving average of $135.60 and a 200-day moving average of $138.11.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.25 EPS. On average, equities research analysts forecast that Crocs will post 12.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the purchase, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB lifted its position in shares of Crocs by 17.0% in the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after purchasing an additional 7,448 shares in the last quarter. Boston Partners acquired a new position in Crocs during the first quarter worth $10,771,000. Russell Investments Group Ltd. increased its holdings in Crocs by 78.2% during the first 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 during the last quarter. Motley Fool Asset Management LLC acquired a new position in Crocs during the first quarter worth $1,387,000. Finally, Virtu Financial LLC acquired a new position in Crocs during the second quarter worth $3,358,000. 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.