Barclays Cuts Crocs (NASDAQ:CROX) Price Target to $119.00

Crocs (NASDAQ:CROX - Get Free Report) had its target price dropped by equities research analysts at Barclays from $122.00 to $119.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the textile maker's stock. Barclays's price target suggests a potential upside of 8.41% from the stock's current price.

Other analysts also recently issued reports about the stock. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Loop Capital lifted their price objective on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Stifel Nicolaus lowered their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. UBS Group lifted their price objective on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird lowered their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Crocs Trading Down 0.8%

Crocs stock traded down $0.88 during midday trading on Friday, hitting $109.77. 2,145,898 shares of the stock were exchanged, compared to its average volume of 1,482,656. The company has a fifty day simple moving average of $99.83 and a two-hundred day simple moving average of $103.82. Crocs has a 52 week low of $86.11 and a 52 week high of $165.32. The stock has a market capitalization of $6.15 billion, a PE ratio of 6.86, a P/E/G ratio of 1.80 and a beta of 1.46. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.51 by $0.49. The firm had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $3.02 EPS. Equities research analysts anticipate that Crocs will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently modified their holdings of the stock. Costello Asset Management INC acquired a new position in shares of Crocs in the first quarter valued at $32,000. Larson Financial Group LLC increased its holdings in shares of Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after purchasing an additional 298 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Crocs in the first quarter valued at $40,000. UMB Bank n.a. increased its holdings in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Finally, Allianz SE bought a new stake in shares of Crocs in the fourth quarter valued at about $53,000. 93.44% of the stock is currently 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.