Crocs (NASDAQ:CROX) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Crocs (NASDAQ:CROX - Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other equities analysts have also weighed in on the stock. KeyCorp reduced their price target on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Monness Crespi & Hardt reduced their target price on shares of Crocs from $170.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Barclays dropped their price objective on Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC started coverage on Crocs in a report on Friday, November 22nd. They set a "buy" rating and a $116.00 price objective for the company. Finally, Guggenheim restated a "buy" rating and issued a $155.00 target price on shares of Crocs in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $148.80.

Crocs Trading Up 0.3 %

Shares of Crocs stock traded up $0.36 on Friday, reaching $110.04. 764,315 shares of the company's stock were exchanged, compared to its average volume of 893,786. The company has a market capitalization of $6.41 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.95. Crocs has a 52 week low of $94.50 and a 52 week high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm's 50-day moving average is $107.41 and its two-hundred day moving average is $126.00.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. The firm had revenue of $1.06 billion for 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%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.25 earnings per share. Sell-side analysts predict that Crocs will post 12.93 EPS for the current fiscal year.

Insider Transactions at Crocs

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

Hedge Funds Weigh In On Crocs

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

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.