Crocs, Inc. (NASDAQ:CROX) Receives $135.07 Consensus Price Target from Analysts

Crocs, Inc. (NASDAQ:CROX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $135.07.

A number of brokerages have commented on CROX. Piper Sandler decreased their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Loop Capital raised their price target on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Bank of America dropped their price objective on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, June 30th. The Goldman Sachs Group reduced their target price on shares of Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Finally, Barclays dropped their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th.

Insider Buying and Selling at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction that occurred on 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 transaction, the director directly owned 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Costello Asset Management INC acquired a new stake in shares of Crocs during the first quarter worth $32,000. Larson Financial Group LLC lifted its stake in Crocs by 541.8% in the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after acquiring an additional 298 shares in the last quarter. IMA Advisory Services Inc. bought a new position in shares of Crocs during the 1st quarter worth approximately $40,000. Brooklyn Investment Group acquired a new position in Crocs during the first quarter worth $40,000. Finally, Ameritas Advisory Services LLC bought a new position in Crocs in the second quarter valued at $48,000. Institutional investors own 93.44% of the company's stock.

Crocs Price Performance

Shares of Crocs stock traded down $1.03 during trading on Thursday, reaching $106.75. The company's stock had a trading volume of 1,170,382 shares, compared to its average volume of 1,087,970. The stock has a 50-day moving average price of $104.30 and a two-hundred day moving average price of $102.75. The stock has a market capitalization of $5.98 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.38. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Crocs has a one year low of $86.11 and a one year high of $151.13.

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