Crocs (NASDAQ:CROX) Price Target Lowered to $115.00 at Piper Sandler

Crocs (NASDAQ:CROX - Get Free Report) had its price target decreased by stock analysts at Piper Sandler from $125.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the textile maker's stock. Piper Sandler's target price would suggest a potential upside of 30.96% from the company's current price.

Several other analysts have also weighed in on CROX. Barclays lowered their price objective on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Robert W. Baird cut their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Bank of America lifted their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Loop Capital boosted their price target on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

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Crocs Trading Down 2.4 %

Shares of Crocs stock traded down $2.12 during midday trading on Friday, reaching $87.81. The company had a trading volume of 476,256 shares, compared to its average volume of 1,449,859. The firm has a market cap of $4.92 billion, a PE ratio of 5.49, a P/E/G ratio of 1.80 and a beta of 1.62. The stock has a fifty day moving average price of $101.68 and a 200 day moving average price of $109.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs has a fifty-two week low of $86.11 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, equities analysts anticipate that Crocs will post 13.2 earnings per share for the current year.

Insiders Place Their Bets

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the transaction, 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. Company insiders own 2.72% of the company's stock.

Institutional Investors Weigh In On Crocs

Several large investors have recently added to or reduced their stakes in CROX. Vanguard Group Inc. boosted its position in shares of Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after acquiring an additional 47,576 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after buying an additional 577,467 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after acquiring an additional 429,994 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Crocs by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after purchasing an additional 15,037 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

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.