Crocs (NASDAQ:CROX) Price Target Lowered to $155.00 at Guggenheim

Crocs (NASDAQ:CROX) had its price objective cut by Guggenheim from $182.00 to $155.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

A number of other equities analysts have also recently weighed in on the stock. Monness Crespi & Hardt reduced their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. UBS Group lowered their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Crocs in a report on Monday, July 29th. Finally, Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.00.

Crocs Stock Down 1.5 %

Crocs stock opened at $106.21 on Wednesday. The business’s 50-day moving average price is $135.60 and its 200 day moving average price is $138.11. The company has a quick ratio of 0.95, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.10 and a beta of 2.01. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $3.25 earnings per share. As a group, sell-side analysts anticipate that Crocs will post 12.94 earnings per share for the current year.

Insider Transactions at Crocs

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CROX. GHP Investment Advisors Inc. raised its stake in shares of Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares during the period. Financial Management Professionals Inc. increased its holdings in Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. raised its position in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC lifted its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.