Crocs, Inc. (NASDAQ:CROX) Stock Has Consensus Price Target of $158.30 According to Brokerages

Crocs, Inc. (NASDAQ:CROX) has been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $158.30.

Several research analysts have issued reports on the company. Williams Trading set a $184.00 price target on Crocs in a report on Friday, October 30th. BTIG Research reissued a “neutral” rating on shares of Crocs in a research note on Thursday, October 29th. The Goldman Sachs Group reissued a “sell” rating and set a $128.00 price objective on shares of Crocs in a research note on Friday, October 30th. UBS Group lifted their target price on Crocs from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a research report on Friday, October 30th.

Crocs Price Performance

Shares of Crocs stock opened at $159.66 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $125.06 and its two-hundred day moving average price is $112.24. Crocs has a 52 week low of $73.21 and a 52 week high of $161.88. The stock has a market cap of $7.30 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.49.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.38. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.92 EPS. As a group, sell-side analysts anticipate that Crocs will post 14.62 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, Director Beth Kaplan acquired 885 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of $112.12 per share, for a total transaction of $99,226.20. Following the acquisition, the director owned 15,259 shares in the company, valued at approximately $1,710,839.08. This represents a 6.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Treff sold 14,802 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $152.20, for a total transaction of $2,252,864.40. Following the sale, the director directly owned 72,085 shares of the company’s stock, valued at $10,971,337. This represents a 17.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,161 shares of company stock worth $12,775,941 in the last three months. Insiders own 3.10% of the company’s stock.

Institutional Trading of Crocs

Several hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC lifted its position in shares of Crocs by 42.3% in the third quarter. Private Advisor Group LLC now owns 4,297 shares of the textile maker’s stock worth $504,000 after purchasing an additional 1,278 shares in the last quarter. Independent Advisor Alliance boosted its holdings in shares of Crocs by 3.7% during the third quarter. Independent Advisor Alliance now owns 2,579 shares of the textile maker’s stock worth $314,000 after purchasing an additional 92 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Crocs during the third quarter valued at approximately $485,000. Voya Investment Management LLC grew its position in Crocs by 2.2% during the third quarter. Voya Investment Management LLC now owns 3,790 shares of the textile maker’s stock valued at $445,000 after purchasing an additional 83 shares in the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in Crocs during the third quarter valued at approximately $1,773,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Company Profile

Crocs, Inc. designs, markets and distributes casual footwear and related accessories. Its products include clogs, sandals, shoes and boots, with customizable Jibbitz charms among its accessories. The company sells products under the Crocs and HEYDUDE brands. Founded in 2002, Crocs became known for its lightweight molded clogs. It expanded its portfolio with the acquisition of casual footwear brand HEYDUDE in 2022. Crocs serves consumers worldwide through wholesale partners, retail stores and e-commerce.