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

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $146.80.

A number of analysts have commented on the company. KeyCorp lowered their price objective on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Loop Capital downgraded shares of Crocs from a "buy" rating to a "hold" rating and cut their price objective for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Barclays decreased their price objective on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Monness Crespi & Hardt cut their target price on Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Guggenheim reiterated a "buy" rating and set a $155.00 price target on shares of Crocs in a report on Friday, December 6th.

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares of the company's stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Crocs

A number of large investors have recently made changes to their positions in CROX. FMR LLC lifted its holdings 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. Pacer Advisors Inc. boosted its position in shares of 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 during the period. State Street Corp grew its stake in Crocs by 0.7% during 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. Rheos Capital Works Inc. increased its holdings in Crocs by 30.6% during the 4th quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker's stock worth $21,052,000 after acquiring an additional 45,000 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in Crocs by 34.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker's stock worth $20,227,000 after purchasing an additional 46,890 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Crocs Stock Up 2.1 %

Shares of CROX traded up $2.24 during trading hours on Thursday, hitting $107.01. The stock had a trading volume of 926,499 shares, compared to its average volume of 1,113,849. The firm has a 50 day simple moving average of $108.03 and a 200-day simple moving average of $122.21. The firm has a market capitalization of $6.24 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs has a 1-year low of $94.50 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.25 EPS. Sell-side 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.