Crocs, Inc. (NASDAQ:CROX) Receives $148.80 Consensus Price Target from Brokerages

Crocs, Inc. (NASDAQ:CROX) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $148.80.

CROX has been the subject of several analyst reports. UBS Group cut their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. KeyCorp cut their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Guggenheim restated a “buy” rating and set a $155.00 price objective on shares of Crocs in a research report on Friday, December 6th. Finally, Needham & Company LLC began coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price target for the company.

Insider Activity

In related news, Director John B. Replogle bought 2,240 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average price of $112.60 per share, with a total value 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 trade represents a 31.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Susan L. Healy purchased 1,000 shares of Crocs stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in shares of Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after purchasing an additional 14,387 shares during the period. Meeder Asset Management Inc. lifted its position in Crocs by 585.5% during the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after buying an additional 20,797 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in shares of Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 7,633 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Crocs in the 3rd quarter worth about $2,024,000. Finally, International Assets Investment Management LLC bought a new position in shares of Crocs in the 3rd quarter worth about $2,076,000. 93.44% of the stock is owned by institutional investors.

Crocs Trading Up 0.3 %

NASDAQ:CROX opened at $110.04 on Friday. Crocs has a 1 year low of $94.50 and a 1 year high of $165.32. The stock’s fifty day moving average price is $107.41 and its two-hundred day moving average price is $126.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The company has a market cap of $6.41 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.14 and a beta of 1.95.

Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $3.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts expect that Crocs will post 12.93 EPS for the current year.

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.