UBS Group Increases Crocs (NASDAQ:CROX) Price Target to $124.00

Crocs (NASDAQ:CROX) had its target price upped by analysts at UBS Group from $117.00 to $124.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price indicates a potential downside of 1.41% from the stock’s current price.

A number of other equities analysts have also recently weighed in on CROX. KeyCorp raised their price objective on Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Stifel Nicolaus lifted their price objective on Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. B. Riley raised their target price on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Williams Trading restated a “hold” rating and issued a $125.00 target price (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Finally, Bank of America lifted their price objective on Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.17.

Crocs Stock Down 0.5 %

Shares of NASDAQ:CROX opened at $125.77 on Tuesday. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.58 and a beta of 2.01. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Crocs has a 12-month low of $74.00 and a 12-month high of $150.56. The business’s 50 day moving average is $128.14 and its 200 day moving average is $107.07.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.20. The firm had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 EPS. On average, sell-side analysts forecast that Crocs will post 12.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, President Michelle Poole sold 4,793 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crocs news, President Michelle Poole sold 4,793 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian Bickley sold 16,785 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares in the company, valued at approximately $3,819,390.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Crocs

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WIT Partners Advisory Pte. Ltd. purchased a new stake in shares of Crocs during the 4th quarter valued at $266,431,000. Coatue Management LLC lifted its holdings in shares of Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after purchasing an additional 919,835 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Crocs by 60.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker’s stock valued at $90,387,000 after purchasing an additional 384,390 shares during the last quarter. Norges Bank purchased a new stake in shares of Crocs during the 4th quarter valued at $72,211,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Crocs by 13.4% during the 4th quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker’s stock valued at $72,048,000 after purchasing an additional 91,318 shares during the last quarter. Hedge funds and other 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.