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

The Goldman Sachs Group began coverage on shares of Crocs (NASDAQ:CROX - Get Free Report) in a note issued to investors on Wednesday, Marketbeat 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 suggests a potential downside of 18.14% from the company's current price.

CROX has been the topic of a number of other reports. Barclays decreased their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Piper Sandler decreased their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC increased their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Stifel Nicolaus reduced their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Loop Capital upped 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.13.

Crocs Stock Performance

Shares of CROX traded up $0.76 during trading hours on Wednesday, hitting $107.50. The company's stock had a trading volume of 560,190 shares, compared to its average volume of 1,522,814. The business has a 50 day simple moving average of $104.44 and a two-hundred day simple moving average of $103.38. Crocs has a 52-week low of $86.11 and a 52-week high of $151.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 2.21 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $3.02 EPS. Crocs's revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts expect that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ian Bickley sold 3,044 shares of the stock in a transaction 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 transaction, the director owned 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Crocs

Hedge funds have recently made changes to their positions in the stock. Costello Asset Management INC bought a new position in Crocs in the first quarter valued at $32,000. Larson Financial Group LLC boosted its holdings in shares of Crocs by 541.8% in the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after purchasing an additional 298 shares in the last quarter. IMA Advisory Services Inc. bought a new position in shares of Crocs during the 1st quarter valued at about $40,000. Brooklyn Investment Group purchased a new position in shares of Crocs during the 1st quarter valued at about $40,000. Finally, Allianz SE purchased a new position in shares of Crocs during the 4th quarter valued at about $53,000. 93.44% of the stock is owned by institutional investors.

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.