Analysts Set Crocs, Inc. (NASDAQ:CROX) Target Price at $143.53

Crocs, Inc. (NASDAQ:CROX) has received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $143.53.

A number of research firms have recently weighed in on CROX. UBS Group raised their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Robert W. Baird dropped their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Bank of America lifted their price target on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Loop Capital cut 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.

Crocs Stock Performance

NASDAQ:CROX opened at $99.57 on Monday. The firm has a 50-day moving average of $104.78 and a two-hundred day moving average of $117.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The stock has a market cap of $5.58 billion, a P/E ratio of 6.23, a PEG ratio of 1.80 and a beta of 1.93. Crocs has a 1-year low of $88.25 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, research analysts expect that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CROX. Arrowstreet Capital Limited Partnership increased its holdings in shares of Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after purchasing an additional 1,244,480 shares during the period. Pacer Advisors Inc. grew its position in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after buying an additional 577,467 shares in the last quarter. Norges Bank acquired a new position in Crocs during the 4th quarter valued at about $62,221,000. Altshuler Shaham Ltd raised its position in shares of Crocs by 30,778.0% during the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock worth $50,055,000 after buying an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Crocs by 49.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock worth $143,309,000 after acquiring an additional 429,994 shares during the period. Institutional investors and hedge funds 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.