Crocs (NASDAQ:CROX) Sets New 1-Year Low - Here's Why

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $87.89 and last traded at $89.32, with a volume of 2715735 shares changing hands. The stock had previously closed at $95.83.

Analyst Upgrades and Downgrades

CROX has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. UBS Group increased their price target on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Bank of America boosted their price objective on 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 raised their target price on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Crocs presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

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Crocs Trading Down 3.1 %

The company has a market cap of $5.19 billion, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm's 50-day moving average price is $101.91 and its 200-day moving average price is $109.90.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the business'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 in the company, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Michaels sold 15,000 shares of the 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 in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CROX. Clear Harbor Asset Management LLC lifted its position in Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. raised its position in shares of Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after buying an additional 117 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Crocs by 9.9% during the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after acquiring an additional 129 shares during the last quarter. Parallel Advisors LLC grew its position in Crocs by 26.5% in the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after acquiring an additional 132 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Crocs by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock valued at $299,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other 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.