UBS Group Increases Crocs (NASDAQ:CROX) Price Target to $132.00

Crocs (NASDAQ:CROX - Get Free Report) had its target price raised by research analysts at UBS Group from $122.00 to $132.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the textile maker's stock. UBS Group's price target suggests a potential upside of 21.23% from the stock's previous close.

A number of other equities analysts have also weighed in on the stock. KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Raymond James lowered shares of Crocs from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. Guggenheim decreased their price objective on shares of Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 3rd. StockNews.com upgraded shares of Crocs from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Loop Capital lowered shares of Crocs from a "buy" rating to a "hold" rating and decreased their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $143.53.

Crocs Stock Down 1.9 %

Shares of CROX stock traded down $2.07 during trading hours on Wednesday, hitting $108.88. 1,791,833 shares of the company's stock traded hands, compared to its average volume of 1,705,521. The stock's fifty day simple moving average is $105.55 and its two-hundred day simple moving average is $118.92. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 6.81, a PEG ratio of 1.77 and a beta of 1.93. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

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

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were 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 of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.72% of the company's stock.

Institutional Trading of Crocs

Several hedge funds have recently bought and sold shares of the stock. Jupiter Wealth Management LLC lifted its stake in Crocs by 28.6% in the 4th quarter. Jupiter Wealth Management LLC now owns 8,100 shares of the textile maker's stock worth $887,000 after purchasing an additional 1,800 shares in the last quarter. CSS LLC IL purchased a new stake in Crocs in the 4th quarter worth $617,000. White Knight Strategic Wealth Advisors LLC purchased a new stake in Crocs in the 4th quarter worth $306,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Crocs by 8.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,974 shares of the textile maker's stock worth $22,232,000 after purchasing an additional 15,586 shares in the last quarter. Finally, Vident Advisory LLC lifted its stake in Crocs by 35.1% in the 4th quarter. Vident Advisory LLC now owns 15,544 shares of the textile maker's stock worth $1,703,000 after purchasing an additional 4,038 shares in the last quarter. 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.