UBS Group Has Lowered Expectations for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price target decreased by UBS Group from $146.00 to $122.00 in a report published on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the textile maker’s stock.

Several other equities research analysts also recently issued reports on CROX. Robert W. Baird lowered their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. KeyCorp increased their target price on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Finally, Guggenheim assumed coverage on shares of Crocs in a research note on Wednesday, October 9th. They issued a “buy” rating and a $182.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Crocs Trading Down 2.3 %

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

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $3.25 earnings per share. Equities research analysts predict that Crocs will post 12.88 earnings per share for the current year.

Insider Transactions at Crocs

In other news, Director Douglas J. Treff sold 10,594 shares of the firm’s 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 completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $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 accessible through this link. In related news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, with a total value of $247,424.16. Following the acquisition, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC increased its holdings in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Crocs by 15.9% during the 3rd quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker’s stock worth $320,000 after acquiring an additional 303 shares during the period. IAG Wealth Partners LLC acquired a new stake in Crocs during the 3rd quarter worth $796,000. Van ECK Associates Corp grew its holdings in Crocs by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 36,618 shares of the textile maker’s stock worth $5,303,000 after acquiring an additional 10,463 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Crocs by 23.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker’s stock worth $3,068,000 after acquiring an additional 4,051 shares during the period. Institutional investors and hedge funds 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.