Crocs (NASDAQ:CROX) Earns Overweight Rating from Analysts at Barclays

Barclays assumed coverage on shares of Crocs (NASDAQ:CROX - Free Report) in a research note published on Monday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $167.00 price objective on the textile maker's stock.

A number of other equities analysts also recently issued reports on the company. Bank of America increased their price target on Crocs from $140.00 to $150.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Stifel Nicolaus increased their price target on Crocs from $132.00 to $140.00 and gave the stock a buy rating in a research report on Friday, February 16th. Piper Sandler increased their target price on Crocs from $135.00 to $140.00 and gave the company an overweight rating in a report on Friday, February 16th. Raymond James increased their target price on Crocs from $120.00 to $145.00 and gave the company a strong-buy rating in a report on Friday, February 16th. Finally, B. Riley increased their target price on Crocs from $93.00 to $95.00 and gave the company a neutral rating in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $146.60.

Crocs Stock Up 1.4 %

NASDAQ:CROX traded up $1.95 during mid-day trading on Monday, hitting $145.75. 1,144,069 shares of the company's stock traded hands, compared to its average volume of 1,515,602. The company has a fifty day moving average of $119.57 and a 200 day moving average of $102.24. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. The company has a market capitalization of $8.82 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.81 and a beta of 2.01. Crocs has a twelve month low of $74.00 and a twelve month high of $151.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.20. The firm had revenue of $960.10 million for the quarter, compared to the consensus estimate of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The company's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 earnings per share. On average, analysts forecast that Crocs will post 12.44 EPS for the current year.

Insider Activity at Crocs

In related news, President Michelle Poole sold 4,793 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the completion of the sale, the president now owns 64,912 shares of the company's stock, valued at $7,734,264.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Crocs news, President Michelle Poole sold 4,793 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the sale, the president now owns 64,912 shares of the company's stock, valued at $7,734,264.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ian Bickley sold 16,785 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $120.05, for a total value of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares of the company's stock, valued at approximately $3,819,390.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Crocs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Crocs during the fourth quarter worth $27,000. Byrne Asset Management LLC boosted its position in shares of 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 buying an additional 120 shares during the period. Blue Trust Inc. boosted its position in shares of 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 buying an additional 222 shares during the period. Harbour Investments Inc. boosted its position in shares of Crocs by 440.0% during the first quarter. Harbour Investments Inc. now owns 270 shares of the textile maker's stock worth $34,000 after buying an additional 220 shares during the period. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Crocs during the first quarter worth $44,000. Institutional investors and hedge funds 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.