Crocs, Inc. (NASDAQ:CROX) Receives $139.79 Consensus Price Target from Analysts

Crocs, Inc. (NASDAQ:CROX - Get Free Report) has received an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $135.13.

Several brokerages recently issued reports on CROX. Piper Sandler lowered their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Bank of America dropped their price objective on shares of Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday. Loop Capital upped their price objective on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Barclays cut their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, The Goldman Sachs Group started coverage on Crocs in a research report on Wednesday. They issued a "sell" rating and a $88.00 price target on the stock.

Insider Activity at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the completion of the sale, the director owned 27,505 shares of the company's stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in Crocs during the 1st quarter worth about $32,000. Larson Financial Group LLC grew its position in shares of Crocs by 541.8% during the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after buying an additional 298 shares during the period. IMA Advisory Services Inc. bought a new stake in shares of Crocs during the first quarter worth approximately $40,000. Brooklyn Investment Group acquired a new position in Crocs in the first quarter valued at approximately $40,000. Finally, Allianz SE acquired a new position in Crocs in the fourth quarter valued at approximately $53,000. Institutional investors own 93.44% of the company's stock.

Crocs Stock Down 0.5%

Shares of NASDAQ CROX traded down $0.53 during mid-day trading on Friday, reaching $106.60. 1,516,921 shares of the company traded hands, compared to its average volume of 1,520,177. Crocs has a fifty-two week low of $86.11 and a fifty-two week high of $151.13. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. The company's fifty day moving average is $104.05 and its two-hundred day moving average is $103.37. The stock has a market cap of $5.98 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 2.55 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The company had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.02 earnings per share. On average, analysts expect that Crocs will post 13.2 earnings per share for the current year.

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.