Crocs (NASDAQ:CROX) Price Target Lowered to $127.00 at Stifel Nicolaus

Crocs (NASDAQ:CROX) had its target price cut by Stifel Nicolaus from $138.00 to $127.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

CROX has been the topic of a number of other reports. Robert W. Baird lowered their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays lowered their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.93.

Crocs Trading Down 4.1 %

Shares of Crocs stock opened at $95.50 on Thursday. The company has a 50-day moving average of $102.01 and a two-hundred day moving average of $110.25. The stock has a market cap of $5.35 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs has a 12-month low of $86.11 and a 12-month 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, topping 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, research analysts anticipate that Crocs will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after acquiring an additional 142 shares during the last quarter. Allianz SE acquired a new stake in Crocs during the 4th quarter worth approximately $53,000. Ameriflex Group Inc. purchased a new position in Crocs in the fourth quarter valued at approximately $54,000. Parallel Advisors LLC lifted its position in Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker’s stock valued at $67,000 after buying an additional 132 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Crocs during the first quarter worth approximately $69,000. Institutional investors and hedge funds 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.