Barclays Issues Pessimistic Forecast for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX - Get Free Report) had its target price lowered by investment analysts at Barclays from $122.00 to $119.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the textile maker's stock. Barclays's target price would suggest a potential upside of 0.63% from the company's previous close.

Several other research analysts have also issued reports on CROX. Guggenheim reduced their price target on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Piper Sandler reduced their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Robert W. Baird lowered their price objective on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. 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 report on Thursday, May 8th. Finally, UBS Group increased their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Crocs Stock Down 1.7%

CROX traded down $2.00 during trading on Friday, reaching $118.26. 1,874,210 shares of the stock traded hands, compared to its average volume of 1,494,187. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The stock's 50-day simple moving average is $100.52 and its two-hundred day simple moving average is $103.83. Crocs has a fifty-two week low of $86.11 and a fifty-two week high of $165.32.

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

Insider Buying and Selling at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company's stock, valued at $3,215,565.25. This represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at $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. Insiders have sold a total of 22,703 shares of company stock worth $2,464,444 over the last ninety days. Corporate insiders own 2.72% of the company's stock.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently modified their holdings of CROX. Wilmington Savings Fund Society FSB acquired a new stake in shares of Crocs in the third quarter valued at approximately $73,000. Franklin Resources Inc. grew its position in Crocs by 31.1% in the third quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker's stock worth $6,497,000 after buying an additional 11,056 shares during the last quarter. Nordea Investment Management AB lifted its stake in Crocs by 4.0% during the fourth quarter. Nordea Investment Management AB now owns 46,753 shares of the textile maker's stock valued at $5,156,000 after buying an additional 1,816 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in Crocs by 18.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 8,380 shares of the textile maker's stock valued at $918,000 after purchasing an additional 1,321 shares during the period. Finally, Empirical Asset Management LLC acquired a new stake in Crocs during the 4th quarter worth about $359,000. Institutional investors own 93.44% of the company's stock.

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.