Crocs, Inc. (NASDAQ:CROX) Receives $143.53 Consensus Target Price from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $143.53.

A number of equities analysts recently weighed in on CROX shares. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays decreased their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Robert W. Baird cut their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. UBS Group raised their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Bank of America boosted their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Crocs

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of Crocs by 42.0% during the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after purchasing an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Crocs by 129.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock worth $2,373,000 after acquiring an additional 12,245 shares during the last quarter. Motley Fool Wealth Management LLC acquired a new stake in Crocs in the 3rd quarter valued at about $9,097,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Crocs in the 3rd quarter valued at about $17,122,000. Finally, Hancock Whitney Corp raised its stake in shares of Crocs by 67.9% in the third quarter. Hancock Whitney Corp now owns 13,936 shares of the textile maker’s stock worth $2,018,000 after acquiring an additional 5,636 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 1.0 %

NASDAQ CROX opened at $110.59 on Friday. The company has a market capitalization of $6.20 billion, a P/E ratio of 6.92, a PEG ratio of 1.80 and a beta of 1.84. Crocs has a 12 month low of $88.25 and a 12 month high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company’s 50 day simple moving average is $102.66 and its 200 day simple moving average is $113.14.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 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%. Equities research analysts expect that Crocs will post 13.2 earnings per share for the current fiscal year.

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.