Williams Trading Reiterates Hold Rating for Crocs (NASDAQ:CROX)

Williams Trading reissued their hold rating on shares of Crocs (NASDAQ:CROX - Free Report) in a research report released on Tuesday, Benzinga reports. Williams Trading currently has a $125.00 price target on the textile maker's stock, down from their previous price target of $135.00.

Several other research analysts also recently commented on CROX. Stifel Nicolaus lifted their target price on Crocs from $132.00 to $140.00 and gave the stock a buy rating in a report on Friday, February 16th. OTR Global raised Crocs from a mixed rating to a positive rating in a report on Thursday, April 11th. B. Riley lifted their target price on Crocs from $95.00 to $122.00 and gave the stock a neutral rating in a report on Wednesday, April 10th. Bank of America lifted their target price on Crocs from $140.00 to $150.00 and gave the stock a buy rating in a report on Wednesday, March 20th. Finally, Raymond James lifted their target price on Crocs from $120.00 to $145.00 and gave the stock a strong-buy rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $147.09.

Crocs Price Performance

Shares of NASDAQ CROX traded down $2.68 during mid-day trading on Tuesday, hitting $120.68. 1,625,528 shares of the stock traded hands, compared to its average volume of 1,454,587. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. Crocs has a twelve month low of $74.00 and a twelve month high of $151.32. The company has a market cap of $7.30 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.58 and a beta of 2.01. The firm has a 50 day simple moving average of $126.12 and a two-hundred day simple moving average of $105.64.

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

Insider Activity at Crocs

In related news, President Michelle Poole sold 4,793 shares of the business's stock in a transaction dated 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 directly owns 64,912 shares of the company's stock, valued at approximately $7,734,264.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Michelle Poole sold 4,793 shares of the business's stock in a transaction dated 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 directly owns 64,912 shares of the company's stock, valued at approximately $7,734,264.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Replogle bought 1,972 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $126.75 per share, with a total value of $249,951.00. Following the completion of the transaction, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The disclosure for this purchase can be found here. Insiders sold 39,867 shares of company stock valued at $4,786,276 in the last three months. Corporate insiders own 2.69% of the company's stock.

Institutional Trading of Crocs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new stake in Crocs during the 1st quarter worth approximately $25,000. Quarry LP bought a new stake in Crocs during the 4th quarter worth approximately $27,000. Byrne Asset Management LLC increased its holdings in Crocs by 60.0% during the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker's stock worth $30,000 after purchasing an additional 120 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Crocs by 185.0% in the 4th 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 last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Crocs by 440.0% in the 1st 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 last quarter. 93.44% of the stock is owned by institutional investors.

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.