Crocs (NASDAQ:CROX) Reaches New 52-Week Low - Here's Why

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $92.89 and last traded at $96.42, with a volume of 1641480 shares. The stock had previously closed at $96.10.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CROX shares. StockNews.com lowered shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Robert W. Baird dropped their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Loop Capital boosted their price target on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, Needham & Company LLC decreased their target price on Crocs from $129.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Crocs presently has a consensus rating of "Moderate Buy" and an average price target of $139.21.

Crocs Stock Down 0.7 %

The firm has a fifty day simple moving average of $99.47 and a 200 day simple moving average of $104.60. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a market cap of $5.61 billion, a PE ratio of 6.26, a PEG ratio of 1.80 and a beta of 1.46.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Equities research analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Transactions at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction that occurred 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 $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

Hedge Funds Weigh In On Crocs

A number of hedge funds have recently made changes to their positions in CROX. Arrowstreet Capital Limited Partnership lifted its stake in shares of Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after buying an additional 577,467 shares during the period. Norges Bank acquired a new position in Crocs during the 4th quarter worth approximately $62,221,000. Altshuler Shaham Ltd boosted its holdings in Crocs by 30,778.0% in the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after acquiring an additional 455,515 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its position in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after acquiring an additional 429,994 shares in the last quarter. Hedge funds and other 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.