Crocs (NASDAQ:CROX) Given New $132.00 Price Target at UBS Group

Crocs (NASDAQ:CROX) had its price objective raised by UBS Group from $122.00 to $132.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

A number of other analysts have also recently issued reports on the company. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Robert W. Baird reduced their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Finally, Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and decreased their price target for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Performance

Shares of CROX stock opened at $110.97 on Wednesday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 1.82 and a beta of 1.93. Crocs has a 1-year low of $88.25 and a 1-year high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $105.55 and its 200-day simple moving average is $118.92.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) 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 predict that Crocs will post 12.97 earnings per share for the current fiscal year.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.72% of the stock is owned by corporate insiders.

Institutional Trading of Crocs

Several hedge funds have recently added to or reduced their stakes in CROX. Financial Management Professionals Inc. raised 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 acquiring an additional 224 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares in the last quarter. UMB Bank n.a. raised its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares in the last quarter. Allianz SE acquired a new position in Crocs in the 4th quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Crocs in the 3rd quarter valued at approximately $73,000. Institutional investors 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.