Analysts Set Crocs, Inc. (NASDAQ:CROX) PT at $151.14

Crocs, Inc. (NASDAQ:CROX) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $151.14.

CROX has been the topic of several recent analyst reports. Guggenheim dropped their price objective on Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt decreased their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird decreased their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $96.51 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. The stock’s fifty day simple moving average is $127.23 and its two-hundred day simple moving average is $136.57. Crocs has a 1-year low of $85.71 and a 1-year high of $165.32. The stock has a market cap of $5.62 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned $3.25 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, analysts forecast that Crocs will post 12.93 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, Director John B. Replogle acquired 2,240 shares of the stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This trade represents a 31.71 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Susan L. Healy acquired 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Crocs

A number of hedge funds and other institutional investors have recently made changes to their positions in CROX. Sei Investments Co. raised its holdings in Crocs by 17.3% in the first quarter. Sei Investments Co. now owns 18,215 shares of the textile maker’s stock worth $2,619,000 after purchasing an additional 2,680 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Crocs in the first quarter worth about $268,000. Russell Investments Group Ltd. raised its stake in shares of Crocs by 78.2% in 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 period. Blair William & Co. IL bought a new position in shares of Crocs in the first quarter worth about $262,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Crocs in the first quarter worth about $214,000. 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.