Crocs (NASDAQ:CROX) Price Target Raised to $124.00

Crocs (NASDAQ:CROX - Get Free Report) had its target price upped by research analysts at UBS Group from $117.00 to $124.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the textile maker's stock. UBS Group's price objective would indicate a potential downside of 1.92% from the company's previous close.

Several other research firms have also recently weighed in on CROX. Williams Trading restated a "hold" rating and set a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. OTR Global upgraded shares of Crocs from a "mixed" rating to a "positive" rating in a research report on Thursday, April 11th. Stifel Nicolaus raised their price objective on shares of Crocs from $132.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Bank of America raised their price objective on shares of Crocs from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Finally, Piper Sandler raised their price objective on shares of Crocs from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Crocs has an average rating of "Moderate Buy" and an average price target of $145.17.

Crocs Stock Performance

CROX traded up $1.05 on Tuesday, hitting $126.43. The company's stock had a trading volume of 1,172,234 shares, compared to its average volume of 1,425,077. The company's 50 day simple moving average is $127.80 and its 200-day simple moving average is $106.94. The firm has a market cap of $7.65 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 1.52 and a beta of 2.01. Crocs has a 12 month low of $74.00 and a 12 month high of $151.32. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping the consensus estimate of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. During the same period last year, the firm earned $2.65 EPS. Crocs's revenue for the quarter was up 1.6% on a year-over-year basis. Analysts forecast that Crocs will post 12.46 EPS for the current year.

Insiders Place Their Bets

In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the sale, the executive vice president now owns 219,293 shares of the company's stock, valued at approximately $25,981,834.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director John B. Replogle bought 1,972 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $126.75 per share, with a total value of $249,951.00. Following the purchase, the director now owns 3,153 shares of the company's stock, valued at approximately $399,642.75. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the sale, the executive vice president now directly owns 219,293 shares in the company, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. Insiders have sold a total of 39,867 shares of company stock valued at $4,786,276 in the last quarter. Insiders own 2.69% of the company's stock.

Institutional Investors Weigh In On Crocs

Large investors have recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in shares of Crocs during the 1st quarter valued at about $25,000. Byrne Asset Management LLC boosted its stake in Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker's stock worth $30,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. boosted its stake in Crocs by 185.0% during the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker's stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Quest Partners LLC bought a new stake in Crocs during the fourth quarter worth about $53,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Crocs during the fourth quarter worth about $56,000. Institutional investors own 93.44% of the company's stock.

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.