Crocs (NASDAQ:CROX) Price Target Cut to $127.00 by Analysts at Stifel Nicolaus

Crocs (NASDAQ:CROX - Free Report) had its price target lowered by Stifel Nicolaus from $138.00 to $127.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the textile maker's stock.

A number of other research firms have also commented on CROX. Needham & Company LLC reaffirmed a "buy" rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Barclays lowered their price target on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $140.00.

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Crocs Stock Performance

CROX stock traded down $1.84 during mid-day trading on Thursday, hitting $88.96. The company had a trading volume of 516,501 shares, compared to its average volume of 1,449,176. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market cap of $4.99 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. Crocs has a 12 month low of $86.11 and a 12 month high of $165.32. The stock's fifty day moving average price is $101.79 and its two-hundred day moving average price is $109.27.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) 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, analysts forecast that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. This represents a 14.38 % 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

A number of hedge funds and other institutional investors have recently bought and sold shares of CROX. HighTower Advisors LLC grew its stake in Crocs by 122.8% in the 3rd quarter. HighTower Advisors LLC now owns 17,307 shares of the textile maker's stock worth $2,507,000 after acquiring an additional 9,539 shares in the last quarter. Stifel Financial Corp increased its stake in Crocs by 5.0% during the 3rd quarter. Stifel Financial Corp now owns 10,994 shares of the textile maker's stock valued at $1,592,000 after purchasing an additional 523 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Crocs by 4.3% during the third quarter. M&T Bank Corp now owns 5,601 shares of the textile maker's stock valued at $811,000 after buying an additional 233 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Crocs by 21.0% in the third quarter. TD Private Client Wealth LLC now owns 1,245 shares of the textile maker's stock worth $180,000 after purchasing an additional 216 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Crocs in the third quarter worth $211,000. Hedge funds and other institutional investors 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.