Crocs (NASDAQ:CROX - Get Free Report) had its target price increased by investment analysts at Bank of America from $144.00 to $153.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the textile maker's stock. Bank of America's price objective suggests a potential upside of 42.52% from the company's previous close.
CROX has been the topic of a number of other reports. KeyCorp reduced their target price on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Barclays reduced their target price on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Friday. Robert W. Baird reduced their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, UBS Group dropped their price objective on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $142.87.
Read Our Latest Report on Crocs
Crocs Price Performance
Shares of Crocs stock traded down $1.08 on Friday, hitting $107.35. The company's stock had a trading volume of 2,100,713 shares, compared to its average volume of 1,693,795. Crocs has a 52-week low of $88.25 and a 52-week high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $105.60 and a 200-day moving average price of $118.97. The company has a market capitalization of $6.26 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93.
Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 20.50% and a return on equity of 49.70%. On average, equities research analysts expect that Crocs will post 12.92 earnings per share for the current fiscal year.
Institutional Trading of Crocs
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker's stock worth $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. Vanguard Group Inc. grew its position in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after acquiring an additional 47,576 shares in the last quarter. Pacer Advisors Inc. grew its position in Crocs by 39.6% in the fourth 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. State Street Corp grew its position in Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker's stock valued at $262,467,000 after acquiring an additional 13,467 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock valued at $145,299,000 after acquiring an additional 1,244,480 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.
About Crocs
(
Get Free Report)
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.
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