Crocs, Inc. (NASDAQ:CROX) Receives $141.55 Average Price Target from Brokerages

Crocs, Inc. (NASDAQ:CROX) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $144.64.

CROX has been the topic of several recent research reports. Williams Trading reaffirmed a “hold” rating and set a $125.00 target price (down from $135.00) on shares of Crocs in a report on Tuesday, April 16th. Bank of America boosted their target price on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Raymond James increased their target price on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Wedbush reaffirmed an “outperform” rating and set a $154.00 target price on shares of Crocs in a research report on Friday. Finally, Barclays assumed coverage on Crocs in a report on Monday, April 1st. They set an “overweight” rating and a $167.00 price target on the stock.

Crocs Price Performance

Shares of NASDAQ CROX opened at $124.28 on Tuesday. The business has a fifty day moving average price of $129.12 and a two-hundred day moving average price of $108.85. The stock has a market capitalization of $7.54 billion, a PE ratio of 9.70, a P/E/G ratio of 1.60 and a beta of 2.03. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. Crocs has a fifty-two week low of $74.00 and a fifty-two week high of $146.79.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company had revenue of $960.10 million for the quarter, compared to the consensus estimate of $958.39 million. During the same period last year, the company posted $2.65 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Crocs will post 12.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Michelle Poole sold 4,793 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the sale, the executive vice president now owns 219,293 shares of the company’s stock, valued at $25,981,834.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now owns 64,912 shares in the company, valued at approximately $7,734,264.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,867 shares of company stock valued at $4,786,276. Company insiders own 2.69% of the company’s stock.

Hedge Funds Weigh In On Crocs

A number of large investors have recently bought and sold shares of CROX. V Square Quantitative Management LLC purchased a new position in shares of Crocs during the first quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in shares of Crocs in the 1st quarter worth approximately $25,000. Byrne Asset Management LLC grew its position in shares of Crocs by 60.0% during the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 120 shares during the period. Blue Trust Inc. increased its position in Crocs by 185.0% in the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after buying an additional 222 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Crocs during the 4th quarter worth approximately $53,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.