Analysts Set Crocs, Inc. (NASDAQ:CROX) Price Target at $154.83

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $154.83.

Several equities analysts have recently weighed in on CROX shares. Barclays upped their price objective on shares of Crocs from $167.00 to $169.00 and gave the company an "overweight" rating in a report on Wednesday, May 8th. Wedbush upped their price objective on shares of Crocs from $156.00 to $170.00 and gave the company an "outperform" rating in a report on Monday, May 13th. OTR Global upgraded shares of Crocs from a "mixed" rating to a "positive" rating in a report on Thursday, April 11th. Stifel Nicolaus upped their target price on shares of Crocs from $140.00 to $158.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Finally, Monness Crespi & Hardt upped their target price on shares of Crocs from $140.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th.

Crocs Trading Down 2.6 %

CROX traded down $3.65 during trading on Friday, reaching $139.24. 1,528,246 shares of the stock traded hands, compared to its average volume of 1,102,884. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $8.45 billion, a PE ratio of 10.78, a P/E/G ratio of 1.55 and a beta of 2.00. The stock's 50-day moving average is $147.83 and its 200 day moving average is $128.08. Crocs has a 12 month low of $74.00 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The business had revenue of $938.60 million for the quarter, compared to analysts' expectations of $884.29 million. During the same quarter in the prior year, the firm posted $2.61 earnings per share. The business's quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Crocs will post 12.7 earnings per share for the current year.

Insiders Place Their Bets

In other Crocs news, EVP Shannon Sisler sold 1,404 shares of the company's stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $149.96, for a total value of $210,543.84. Following the completion of the sale, the executive vice president now directly owns 37,103 shares of the company's stock, valued at approximately $5,563,965.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Crocs news, EVP Shannon Sisler sold 1,404 shares of the company's stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $149.96, for a total value of $210,543.84. Following the completion of the sale, the executive vice president now directly owns 37,103 shares of the company's stock, valued at approximately $5,563,965.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anne Mehlman sold 7,150 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $159.01, for a total transaction of $1,136,921.50. Following the transaction, the executive vice president now directly owns 143,075 shares of the company's stock, valued at $22,750,355.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,178 shares of company stock valued at $4,597,445. Corporate insiders own 2.72% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CROX. Graham Capital Management L.P. bought a new position in shares of Crocs during the 3rd quarter valued at approximately $644,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Crocs by 27.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,609 shares of the textile maker's stock worth $3,407,000 after buying an additional 8,297 shares during the period. Symmetry Partners LLC bought a new position in Crocs in the 4th quarter worth approximately $456,000. Tealwood Asset Management Inc. bought a new position in Crocs in the 4th quarter worth approximately $865,000. Finally, Nordea Investment Management AB boosted its holdings in Crocs by 15.7% in the 4th quarter. Nordea Investment Management AB now owns 43,741 shares of the textile maker's stock worth $4,128,000 after buying an additional 5,939 shares during the period. 93.44% of the stock is owned by institutional investors.

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.