Crocs (NASDAQ:CROX) Stock Rating Lowered by StockNews.com

Crocs (NASDAQ:CROX - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Thursday.

Other analysts have also recently issued research reports about the company. KeyCorp dropped their price objective on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday. Barclays reduced their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Monness Crespi & Hardt reduced their price target on Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Finally, Guggenheim reduced their price target on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.53.

Crocs Price Performance

Shares of CROX stock traded down $1.47 during mid-day trading on Thursday, reaching $107.42. The stock had a trading volume of 550,088 shares, compared to its average volume of 1,670,074. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32. The company has a market cap of $6.02 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93. The business has a 50-day simple moving average of $105.47 and a 200 day simple moving average of $118.85. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, sell-side analysts anticipate that Crocs will post 13.2 earnings per share for the current year.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction that occurred 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 directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.72% of the company's stock.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently made changes to their positions in CROX. Financial Management Professionals Inc. grew its stake in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock worth $33,000 after buying an additional 224 shares during the last quarter. Avior Wealth Management LLC grew its stake in Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock worth $58,000 after buying an additional 208 shares during the last quarter. UMB Bank n.a. grew its stake in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after buying an additional 142 shares during the last quarter. Allianz SE bought a new position in Crocs during the 4th quarter worth $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Crocs during the 3rd quarter worth $73,000. 93.44% of the stock is currently 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.