Crocs, Inc. (NASDAQ:CROX) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $139.79.

A number of equities research analysts have recently commented on the company. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Needham & Company LLC lifted their target price on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Guggenheim dropped their target price on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd.

Crocs Stock Performance

Shares of CROX stock traded down $0.69 during trading hours on Friday, reaching $117.57. 488,644 shares of the company's stock were exchanged, compared to its average volume of 1,490,779. Crocs has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. The stock has a market capitalization of $6.59 billion, a P/E ratio of 7.35, a P/E/G ratio of 1.80 and a beta of 1.46. The business has a fifty day moving average price of $100.89 and a 200-day moving average price of $103.93. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. The business had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Crocs's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $3.02 earnings per share. Analysts predict that Crocs will post 13.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Ian Bickley sold 3,044 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the completion of the sale, the director now owns 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. The trade was a 14.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,703 shares of company stock valued at $2,464,444. Company insiders own 2.72% of the company's stock.

Institutional Investors Weigh In On Crocs

Several institutional investors and hedge funds have recently made changes to their positions in CROX. Costello Asset Management INC bought a new stake in shares of Crocs during the 1st quarter valued at about $32,000. Larson Financial Group LLC boosted its holdings in Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after acquiring an additional 298 shares in the last quarter. IMA Advisory Services Inc. bought a new position in Crocs in the first quarter worth approximately $40,000. Brooklyn Investment Group bought a new position in Crocs in the first quarter worth approximately $40,000. Finally, UMB Bank n.a. boosted its holdings in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after acquiring an additional 142 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.