Crocs (NASDAQ:CROX) Now Covered by The Goldman Sachs Group

Research analysts at The Goldman Sachs Group assumed coverage on shares of Crocs (NASDAQ:CROX - Get Free Report) in a report released on Wednesday, Marketbeat Ratings reports. The firm set a "sell" rating and a $88.00 price target on the textile maker's stock. The Goldman Sachs Group's price objective indicates a potential downside of 18.14% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Piper Sandler decreased their price target 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. Loop Capital increased their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Needham & Company LLC raised their target price on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Barclays cut their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Stifel Nicolaus decreased their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and a consensus target price of $135.13.

Crocs Stock Up 0.7%

CROX stock traded up $0.76 during trading hours on Wednesday, reaching $107.50. 560,190 shares of the stock were exchanged, compared to its average volume of 1,524,484. The firm's 50-day moving average is $104.64 and its 200-day moving average is $103.33. Crocs has a 12 month low of $86.11 and a 12 month high of $151.13. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 2.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97.

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, topping the consensus estimate of $2.51 by $0.49. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The company had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. During the same period in the prior year, the firm earned $3.02 earnings per share. Crocs's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts expect that Crocs will post 13.2 earnings per share for the current year.

Insider Buying and Selling

In other Crocs 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 transaction of $352,769.16. Following the transaction, the director owned 27,505 shares of the company's stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

Institutional Trading of Crocs

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in Crocs by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,136 shares of the textile maker's stock worth $333,000 after acquiring an additional 126 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after purchasing an additional 132 shares during the period. Wedbush Securities Inc. lifted its holdings in Crocs by 5.5% during the 1st quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker's stock worth $275,000 after purchasing an additional 135 shares during the last quarter. ProShare Advisors LLC boosted its stake in Crocs by 5.3% in the 4th quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock valued at $299,000 after purchasing an additional 137 shares during the period. Finally, Riverwater Partners LLC boosted its stake in Crocs by 0.9% in the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after purchasing an additional 177 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

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.