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

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $148.80.

A number of research firms have issued reports on CROX. 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. StockNews.com upgraded shares of Crocs from a "hold" rating to a "buy" rating in a research report on Friday. Loop Capital cut shares of Crocs from a "buy" rating to a "hold" rating and decreased their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Barclays dropped their price target on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Finally, KeyCorp reduced their price objective on Crocs from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th.

Crocs Stock Performance

Shares of NASDAQ CROX traded up $0.77 during midday trading on Friday, hitting $110.80. The company's stock had a trading volume of 729,609 shares, compared to its average volume of 832,204. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs has a 1-year low of $85.71 and a 1-year high of $165.32. The firm's fifty day moving average price is $107.82 and its 200-day moving average price is $127.34. The firm has a market cap of $6.46 billion, a P/E ratio of 8.03, a P/E/G ratio of 1.14 and a beta of 1.98.

Crocs (NASDAQ:CROX - Get Free Report) last issued its 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 company had revenue of $1.06 billion during 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%. Crocs's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.25 earnings per share. On average, sell-side analysts forecast that Crocs will post 12.93 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle purchased 2,240 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares of the company's stock, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This 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 corporate insiders.

Institutional Trading of Crocs

Hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its holdings in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock valued at $33,000 after acquiring an additional 180 shares during the period. Financial Management Professionals Inc. raised its stake in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock valued at $33,000 after purchasing an additional 224 shares during the period. UMB Bank n.a. lifted its holdings in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock valued at $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock worth $45,000 after buying an additional 142 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock valued at $58,000 after buying an additional 208 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.