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

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $139.79.

CROX has been the subject of a number of research reports. UBS Group boosted their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Loop Capital upped their price objective on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Barclays dropped their price objective 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. Piper Sandler dropped their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Wall Street Zen cut shares of Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. The trade was a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Crocs

Several large investors have recently made changes to their positions in CROX. Blue Trust Inc. lifted its holdings in shares of Crocs by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,943 shares of the textile maker's stock worth $213,000 after acquiring an additional 307 shares during the last quarter. KBC Group NV lifted its holdings in shares of Crocs by 36.0% in the 4th quarter. KBC Group NV now owns 2,257 shares of the textile maker's stock worth $247,000 after acquiring an additional 598 shares during the last quarter. First Dallas Securities Inc. acquired a new position in shares of Crocs in the 4th quarter worth approximately $312,000. Retirement Systems of Alabama lifted its holdings in shares of Crocs by 8.1% in the 4th quarter. Retirement Systems of Alabama now owns 164,264 shares of the textile maker's stock worth $17,992,000 after acquiring an additional 12,326 shares during the last quarter. Finally, Stratos Wealth Advisors LLC lifted its holdings in shares of Crocs by 11.2% in the 4th quarter. Stratos Wealth Advisors LLC now owns 13,292 shares of the textile maker's stock worth $1,456,000 after acquiring an additional 1,336 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Performance

CROX traded up $1.16 on Wednesday, reaching $100.17. The stock had a trading volume of 1,738,187 shares, compared to its average volume of 1,514,355. Crocs has a 12-month low of $86.11 and a 12-month high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The business's 50-day moving average price is $101.97 and its two-hundred day moving average price is $104.18. The company has a market cap of $5.62 billion, a P/E ratio of 6.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Crocs (NASDAQ:CROX - Get Free Report) last released its 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 business had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.02 earnings per share. Sell-side analysts forecast that Crocs will post 13.2 earnings per share 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.