Crocs, Inc. (NASDAQ:CROX) Given Consensus Rating of "Moderate Buy" by Brokerages

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

CROX has been the subject of several research reports. Barclays reduced their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Needham & Company LLC raised their target price on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Piper Sandler reduced their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Loop Capital raised their target price on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus reduced their target price on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th.

Insider Activity at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Crocs

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after purchasing an additional 47,576 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after purchasing an additional 4,862 shares in the last quarter. Amica Mutual Insurance Co. bought a new stake in shares of Crocs in the 4th quarter valued at about $333,000. Jefferies Financial Group Inc. bought a new stake in shares of Crocs in the 4th quarter valued at about $419,000. Finally, PFG Investments LLC bought a new stake in shares of Crocs in the 1st quarter valued at about $1,297,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Up 3.0%

Shares of CROX opened at $103.02 on Friday. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 2.58 and a beta of 1.41. Crocs has a 52 week low of $86.11 and a 52 week high of $151.13. The stock has a fifty day moving average of $103.54 and a 200-day moving average of $103.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The business had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. During the same period in the prior year, the business posted $3.02 earnings per share. Crocs's quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Crocs will post 13.2 earnings per share for the current fiscal 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.

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