Crocs, Inc. (NASDAQ:CROX - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $111.54, but opened at $98.05. Crocs shares last traded at $92.55, with a volume of 811,158 shares trading hands.
Wall Street Analyst Weigh In
CROX has been the topic of a number of research analyst reports. KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Loop Capital boosted their target price on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Finally, Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.53.
Get Our Latest Research Report on Crocs
Crocs Price Performance
The business has a 50-day simple moving average of $102.96 and a 200 day simple moving average of $111.78. The firm has a market cap of $5.37 billion, a P/E ratio of 5.99, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.
Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 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 anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.
Insider Buying and Selling at Crocs
In related news, EVP Adam Michaels sold 15,000 shares of the company'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 sale, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.
Hedge Funds Weigh In On Crocs
Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Crocs by 16,944.6% in the first quarter. GAMMA Investing LLC now owns 144,538 shares of the textile maker's stock worth $15,350,000 after buying an additional 143,690 shares in the last quarter. Stonehearth Capital Management LLC bought a new stake in shares of Crocs in the 1st quarter worth $214,000. Fairtree Asset Management Pty Ltd purchased a new position in shares of Crocs in the fourth quarter worth $2,124,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Crocs by 362.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,063 shares of the textile maker's stock valued at $4,169,000 after purchasing an additional 29,839 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Crocs in the 4th quarter worth about $3,385,000. Institutional investors own 93.44% of the company's stock.
About Crocs
(
Get Free Report)
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.
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