Monness Crespi & Hardt Cuts Crocs (NASDAQ:CROX) Price Target to $140.00

Crocs (NASDAQ:CROX) had its target price reduced by Monness Crespi & Hardt from $170.00 to $140.00 in a research note released on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the textile maker’s stock.

A number of other equities analysts also recently issued reports on CROX. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Guggenheim initiated coverage on shares of Crocs in a report on Wednesday, October 9th. They issued a “buy” rating and a $182.00 price objective on the stock. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, KeyCorp lifted their price target on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Crocs Stock Performance

Shares of CROX stock opened at $109.00 on Wednesday. The company has a 50 day moving average price of $137.05 and a 200-day moving average price of $138.45. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32. The firm has a market capitalization of $6.47 billion, a PE ratio of 8.20, a P/E/G ratio of 1.35 and a beta of 1.99. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.47. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $3.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Crocs will post 12.88 earnings per share for the current year.

Insider Activity

In other news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now owns 81,254 shares in the company, valued at $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Crocs news, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares in the company, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Crocs by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock valued at $801,346,000 after acquiring an additional 76,460 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Crocs by 15.1% during the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock valued at $159,235,000 after purchasing an additional 142,944 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Crocs by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after purchasing an additional 11,986 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after purchasing an additional 89,610 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Crocs by 6.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock valued at $76,141,000 after purchasing an additional 32,984 shares during the period. Institutional investors own 93.44% of the company’s stock.

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.