Crocs, Inc. (NASDAQ:CROX) Given Consensus Rating of "Moderate Buy" by Analysts

Crocs, Inc. (NASDAQ:CROX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $140.00.

Several research firms have weighed in on CROX. Piper Sandler lowered their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group upped their price target on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Barclays dropped their price target on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Robert W. Baird reduced their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, KeyCorp dropped their price target on Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd.

Crocs Price Performance

NASDAQ CROX traded up $2.05 on Tuesday, reaching $90.72. The company's stock had a trading volume of 1,385,259 shares, compared to its average volume of 1,454,018. Crocs has a 52 week low of $86.11 and a 52 week high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $101.58 and a 200 day moving average price of $108.62. The firm has a market cap of $5.09 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Sell-side analysts expect that Crocs will post 13.2 EPS for the current year.

Insider Activity at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the business'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 owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Institutional Trading of Crocs

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after acquiring an additional 142 shares during the period. Allianz SE bought a new stake in shares of Crocs in the fourth quarter worth $53,000. Salem Investment Counselors Inc. bought a new position in Crocs during the 1st quarter worth $53,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Crocs in the 3rd quarter valued at about $73,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Crocs in the fourth quarter valued at about $54,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Company Profile

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.