Crocs, Inc. (NASDAQ:CROX) Receives Average Rating of "Moderate Buy" from Analysts

Crocs, Inc. (NASDAQ:CROX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $148.80.

A number of equities analysts recently commented on the company. StockNews.com upgraded Crocs from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Piper Sandler restated an "overweight" rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Guggenheim restated a "buy" rating and issued a $155.00 price objective on shares of Crocs in a report on Friday, December 6th. Needham & Company LLC assumed coverage on Crocs in a report on Friday, November 22nd. They issued a "buy" rating and a $116.00 price objective on the stock. Finally, Robert W. Baird dropped their price objective on Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th.

Insider Activity

In other news, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Susan L. Healy bought 1,000 shares of Crocs stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares of the company's stock, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in Crocs by 31.1% in the third quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker's stock worth $6,497,000 after purchasing an additional 11,056 shares during the period. Tidal Investments LLC raised its stake in Crocs by 64.5% during the third quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker's stock worth $3,139,000 after acquiring an additional 8,498 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crocs during the third quarter worth $73,000. World Investment Advisors LLC acquired a new position in Crocs during the third quarter worth $211,000. Finally, TD Private Client Wealth LLC raised its stake in Crocs by 21.0% during the third quarter. TD Private Client Wealth LLC now owns 1,245 shares of the textile maker's stock worth $180,000 after acquiring an additional 216 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Crocs Stock Up 1.7 %

Shares of CROX traded up $1.93 during trading hours on Wednesday, reaching $113.37. The company's stock had a trading volume of 1,443,969 shares, compared to its average volume of 1,350,605. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.11 and a beta of 1.98. Crocs has a 1-year low of $85.71 and a 1-year 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 company has a 50 day moving average of $117.21 and a two-hundred day moving average of $132.85.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.25 EPS. As a group, research analysts predict that Crocs will post 12.93 EPS for the current fiscal year.

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.