Crocs, Inc. (NASDAQ:CROX) Receives $162.58 Consensus Price Target from Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $162.58.

Several analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Raymond James cut shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a research note on Friday, August 2nd. Piper Sandler reiterated an “overweight” rating and issued a $170.00 target price on shares of Crocs in a research report on Friday, August 23rd. KeyCorp boosted their price target on shares of Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd.

Crocs Stock Performance

NASDAQ CROX opened at $129.99 on Tuesday. Crocs has a 52-week low of $74.00 and a 52-week high of $165.32. The company has a fifty day moving average of $138.23 and a 200-day moving average of $138.54. The company has a market capitalization of $7.89 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.35 and a beta of 1.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $3.59 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Crocs will post 12.88 EPS for the current fiscal year.

Insider Activity at Crocs

In related news, Director John B. Replogle purchased 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director John B. Replogle purchased 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

A number of institutional investors have recently added to or reduced their stakes in CROX. Global Assets Advisory LLC purchased a new stake in shares of Crocs in the 1st quarter worth about $7,399,000. Signet Financial Management LLC purchased a new stake in Crocs in the first quarter worth about $201,000. Asio Capital LLC increased its stake in shares of Crocs by 0.7% during the first quarter. Asio Capital LLC now owns 45,900 shares of the textile maker’s stock valued at $6,600,000 after purchasing an additional 307 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new position in shares of Crocs during the first quarter valued at approximately $1,087,000. Finally, State of Michigan Retirement System boosted its position in shares of Crocs by 2.1% in the 1st quarter. State of Michigan Retirement System now owns 14,838 shares of the textile maker’s stock worth $2,134,000 after purchasing an additional 300 shares in the last quarter. 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.