Crocs (NASDAQ:CROX) Trading Down 4.1%

Crocs, Inc. (NASDAQ:CROX - Get Free Report)'s stock price was down 4.1% during trading on Tuesday . The company traded as low as $126.81 and last traded at $127.24. Approximately 246,670 shares changed hands during trading, a decline of 83% from the average daily volume of 1,458,744 shares. The stock had previously closed at $132.73.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CROX shares. B. Riley raised their target price on Crocs from $93.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. Barclays started coverage on Crocs in a research report on Monday, April 1st. They set an "overweight" rating and a $167.00 target price on the stock. KeyCorp raised their target price on Crocs from $130.00 to $149.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st. Raymond James raised their target price on Crocs from $120.00 to $145.00 and gave the company a "strong-buy" rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus raised their target price on Crocs from $132.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Two investment 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.60.

Crocs Price Performance

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 stock's 50 day simple moving average is $123.49 and its two-hundred day simple moving average is $104.24. The firm has a market capitalization of $7.76 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.69 and a beta of 2.01.

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

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle bought 1,972 shares of the firm's stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $126.75 per share, with a total value of $249,951.00. Following the purchase, the director now directly owns 3,153 shares of the company's stock, valued at approximately $399,642.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now owns 64,912 shares of the company's stock, valued at approximately $7,734,264.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John B. Replogle purchased 1,972 shares of Crocs stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the transaction, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Insiders have sold 39,867 shares of company stock valued at $4,786,276 in the last ninety days. 2.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Crocs

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Crocs by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker's stock valued at $12,269,000 after purchasing an additional 972 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Crocs by 91.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker's stock valued at $1,948,000 after purchasing an additional 12,173 shares during the period. HighTower Advisors LLC raised its position in Crocs by 156.1% in the first quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker's stock valued at $1,623,000 after purchasing an additional 12,941 shares during the period. Private Advisor Group LLC raised its position in Crocs by 9.7% in the first quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker's stock valued at $549,000 after purchasing an additional 634 shares during the period. Finally, Rhumbline Advisers raised its position in Crocs by 2.7% in the first quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker's stock valued at $12,306,000 after purchasing an additional 4,287 shares during the period. Hedge funds and other 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.