Crocs, Inc. (NASDAQ:CROX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $143.53.

A number of equities analysts have weighed in on the stock. Barclays cut their price target on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. KeyCorp lowered their price target on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Bank of America boosted their target price on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th.

Crocs Price Performance

Crocs stock traded up $1.67 during midday trading on Friday, reaching $112.59. 1,662,033 shares of the company were exchanged, compared to its average volume of 1,359,580. The firm's 50-day simple moving average is $102.24 and its 200-day simple moving average is $113.31. Crocs has a 1 year low of $88.25 and a 1 year high of $165.32. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 1.80 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

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Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping 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%. On average, analysts anticipate that Crocs will post 13.2 EPS for the current year.

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm'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 completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This represents 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 currently owned by insiders.

Institutional Trading of Crocs

Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares during the last quarter. Pacer Advisors Inc. grew its stake in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after purchasing an additional 577,467 shares in the last quarter. Norges Bank bought a new stake in Crocs in the fourth quarter valued at about $62,221,000. Altshuler Shaham Ltd raised its stake in Crocs by 30,778.0% during the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock valued at $50,055,000 after buying an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after buying an additional 429,994 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

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.