Crocs, Inc. (NASDAQ:CROX) Given Average Recommendation of “Moderate Buy” by Analysts

Crocs, Inc. (NASDAQ:CROX) has been given an average rating of “Moderate Buy” by the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $140.00.

A number of brokerages recently issued reports on CROX. Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp dropped their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Loop Capital boosted their target price on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. Finally, UBS Group lifted their price target on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th.

Crocs Price Performance

CROX stock opened at $89.46 on Tuesday. The stock’s 50 day moving average price is $101.63 and its 200 day moving average price is $107.46. The firm has a market cap of $5.01 billion, a P/E ratio of 5.59, a PEG ratio of 1.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs has a 1 year low of $86.11 and a 1 year high of $165.32.

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

Insider Buying and Selling at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction 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 completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now directly 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. 2.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Several large investors have recently modified their holdings of CROX. Vanguard Group Inc. lifted its holdings in Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after buying an additional 47,576 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after acquiring an additional 577,467 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in 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 worth $145,299,000 after purchasing an additional 1,244,480 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock worth $143,309,000 after purchasing an additional 429,994 shares during the period. Finally, Geode Capital Management LLC increased its stake in Crocs by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock valued at $116,644,000 after purchasing an additional 15,037 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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.