Crocs (NASDAQ:CROX - Free Report) had its target price upped by Loop Capital from $110.00 to $125.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the textile maker's stock.
A number of other equities analysts have also issued reports on the company. UBS Group raised their target price on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Guggenheim decreased their target price on shares of Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. KeyCorp lowered their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $144.53.
Read Our Latest Research Report on CROX
Crocs Stock Performance
Shares of NASDAQ:CROX traded up $4.68 during trading on Tuesday, hitting $100.65. 4,695,361 shares of the company traded hands, compared to its average volume of 1,418,952. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business's fifty day moving average is $102.96 and its 200-day moving average is $111.98. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 1.80 and a beta of 1.62. Crocs has a one year low of $88.25 and a one year high of $165.32.
Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, equities analysts predict that Crocs will post 13.2 earnings per share for the current fiscal year.
Insider Activity at Crocs
In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company'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 value of $1,600,350.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.
Institutional Trading of Crocs
Several hedge funds and other institutional investors have recently modified their holdings of CROX. Arrowstreet Capital Limited Partnership increased its position in Crocs by 1,516.1% in the 4th 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 during the last quarter. Pacer Advisors Inc. grew its stake in shares of Crocs by 39.6% in 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 in the last quarter. Norges Bank acquired a new position in Crocs in the fourth quarter worth approximately $62,221,000. Altshuler Shaham Ltd raised its position in Crocs by 30,778.0% during the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock valued at $50,055,000 after acquiring an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake 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 during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
About Crocs
(
Get Free Report)
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.
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