Crocs (NASDAQ:CROX) Stock Price Up 3.8% - Still a Buy?

Crocs, Inc. (NASDAQ:CROX - Get Free Report)'s stock price shot up 3.8% during mid-day trading on Friday . The stock traded as high as $93.19 and last traded at $99.58. 630,582 shares changed hands during trading, a decline of 55% from the average session volume of 1,401,143 shares. The stock had previously closed at $95.97.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group boosted their price target on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Barclays lowered their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. KeyCorp reduced their target price on 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 shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, StockNews.com cut shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.53.

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Crocs Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company has a fifty day moving average price of $102.96 and a 200 day moving average price of $111.78. The stock has a market cap of $5.31 billion, a P/E ratio of 5.87, a P/E/G ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last released 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 expect that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company's stock.

Hedge Funds Weigh In On Crocs

Several institutional investors have recently modified their holdings 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 valued at $2,507,000 after purchasing an additional 9,539 shares during the period. Quarry LP bought a new position in Crocs during the third quarter valued at about $104,000. Stifel Financial Corp increased its holdings in Crocs by 5.0% during the third quarter. Stifel Financial Corp now owns 10,994 shares of the textile maker's stock worth $1,592,000 after buying an additional 523 shares during the last quarter. State Street Corp raised its position in Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker's stock worth $262,467,000 after acquiring an additional 13,467 shares during the period. Finally, M&T Bank Corp boosted its stake in Crocs by 4.3% in the third quarter. M&T Bank Corp now owns 5,601 shares of the textile maker's stock valued at $811,000 after acquiring an additional 233 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

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.