Brokerages Set Crocs, Inc. (NASDAQ:CROX) Target Price at $94.64

Crocs, Inc. (NASDAQ:CROX) has received an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $94.6364.

Several research firms recently commented on CROX. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Crocs in a report on Friday, December 5th. Stifel Nicolaus raised their target price on Crocs from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, October 31st. Weiss Ratings upgraded Crocs from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Monness Crespi & Hardt boosted their price target on shares of Crocs from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, UBS Group restated a “neutral” rating on shares of Crocs in a research report on Tuesday, February 3rd.

Crocs Stock Down 0.9%

CROX stock opened at $82.73 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average of $86.47 and a two-hundred day moving average of $84.66. Crocs has a 12 month low of $73.21 and a 12 month high of $122.84. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 26.95 and a beta of 1.56.

Institutional Investors Weigh In On Crocs

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lisanti Capital Growth LLC acquired a new stake in shares of Crocs during the second quarter valued at about $3,138,000. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Crocs by 20.1% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 221,091 shares of the textile maker’s stock worth $18,472,000 after purchasing an additional 36,951 shares during the period. Voss Capital LP acquired a new stake in Crocs in the 2nd quarter valued at approximately $40,765,000. AlphaQuest LLC raised its position in Crocs by 9,436.6% in the second quarter. AlphaQuest LLC now owns 7,820 shares of the textile maker’s stock valued at $792,000 after purchasing an additional 7,738 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in Crocs by 18.2% during the second quarter. King Luther Capital Management Corp now owns 42,051 shares of the textile maker’s stock worth $4,259,000 after purchasing an additional 6,479 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

About Crocs

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.