Brokerages Set Crocs, Inc. (NASDAQ:CROX) Price Target at $139.79

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

A number of analysts have issued reports on CROX shares. Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Barclays lowered their target price on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday. Bank of America increased their price target on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. KeyCorp lowered their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Finally, Guggenheim reduced their target price on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd.

Insider Transactions at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value 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. The trade was a 13.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp lifted its holdings in shares of Crocs by 0.5% in the first quarter. Northern Trust Corp now owns 606,520 shares of the textile maker's stock valued at $64,412,000 after purchasing an additional 2,786 shares in the last quarter. Brooklyn Investment Group acquired a new position in Crocs during the first quarter valued at $40,000. Versor Investments LP purchased a new stake in Crocs in the 1st quarter worth about $1,275,000. American Century Companies Inc. boosted its position in Crocs by 42.3% during the 1st quarter. American Century Companies Inc. now owns 239,395 shares of the textile maker's stock worth $25,424,000 after acquiring an additional 71,109 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Crocs by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker's stock valued at $122,608,000 after acquiring an additional 108,076 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Price Performance

Shares of CROX stock traded up $1.41 during trading hours on Friday, hitting $120.26. The company's stock had a trading volume of 1,854,291 shares, compared to its average volume of 1,492,661. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs has a twelve month low of $86.11 and a twelve month high of $165.32. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 1.80 and a beta of 1.46. The business has a fifty day moving average of $100.13 and a 200-day moving average of $103.72.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $3.02 earnings per share. As a group, equities research analysts anticipate that Crocs will post 13.2 EPS for the current year.

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.