Brokerages Set Crocs, Inc. (NASDAQ:CROX) Target Price at $151.14

Crocs, Inc. (NASDAQ:CROX) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $148.80.

Several equities analysts have commented on CROX shares. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and cut their price objective for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Piper Sandler restated an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird dropped their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle acquired 2,240 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. grew its stake in shares of Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 180 shares during the period. Financial Management Professionals Inc. grew its position in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the period. UMB Bank n.a. raised its stake in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after acquiring an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

CROX opened at $106.08 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs has a 1 year low of $85.71 and a 1 year high of $165.32. The stock has a fifty day moving average price of $125.11 and a 200 day moving average price of $135.74. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.99 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.25 EPS. Analysts forecast that Crocs will post 12.93 EPS for the current fiscal 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.