Crocs (NASDAQ:CROX - Get Free Report) had its price target lowered by stock analysts at Barclays from $125.00 to $122.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the textile maker's stock. Barclays's price target points to a potential upside of 13.65% from the company's previous close.
Several other brokerages also recently weighed in on CROX. Needham & Company LLC reaffirmed a "buy" rating and set a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Loop Capital downgraded Crocs from a "buy" rating to a "hold" rating and reduced their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. StockNews.com raised Crocs from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Robert W. Baird reduced their price objective on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Guggenheim reduced their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.87.
Check Out Our Latest Stock Analysis on CROX
Crocs Stock Performance
Crocs stock traded down $1.08 during mid-day trading on Friday, hitting $107.35. The company had a trading volume of 2,100,713 shares, compared to its average volume of 1,693,795. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32. The company's fifty day moving average is $105.60 and its 200-day moving average is $118.97. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 1.67 and a beta of 1.93.
Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Equities research analysts predict that Crocs will post 12.92 EPS for the current year.
Hedge Funds Weigh In On Crocs
A number of hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in Crocs by 1,516.1% during the 4th 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 during the period. Pacer Advisors Inc. raised its position in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after purchasing an additional 577,467 shares in the last quarter. Norges Bank acquired a new stake in Crocs in the 4th quarter valued at about $62,221,000. Altshuler Shaham Ltd raised its position in Crocs by 30,778.0% in the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock valued at $50,055,000 after purchasing an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in Crocs by 49.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after purchasing an additional 429,994 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
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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