Crocs (NASDAQ:CROX) PT Raised to $45.00 at Monness Crespi & Hardt

Crocs (NASDAQ:CROX) had its price target boosted by research analysts at Monness Crespi & Hardt from $40.00 to $45.00 in a research report issued to clients and investors on Friday, Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Monness Crespi & Hardt’s price target suggests a potential upside of 25.21% from the company’s current price.

Other analysts have also recently issued reports about the company. CL King cut Crocs from a “buy” rating to a “neutral” rating in a report on Friday, July 17th. They noted that the move was a valuation call. B. Riley began coverage on Crocs in a report on Thursday, May 21st. They issued a “hold” rating and a $23.00 target price for the company. Susquehanna Bancshares reaffirmed a “buy” rating and set a $53.00 price target on shares of Crocs in a research note on Thursday. Pivotal Research raised their price objective on shares of Crocs from $29.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Crocs in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.92.

Shares of Crocs stock opened at $35.94 on Friday. Crocs has a one year low of $8.40 and a one year high of $43.79. The company has a market cap of $2.42 billion, a P/E ratio of 20.08, a PEG ratio of 2.81 and a beta of 1.88. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.35 and a current ratio of 2.12. The firm has a fifty day moving average of $34.30 and a two-hundred day moving average of $29.61.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.87. The business had revenue of $331.55 million for the quarter, compared to analyst estimates of $241.20 million. Crocs had a net margin of 10.37% and a return on equity of 106.21%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, equities analysts predict that Crocs will post 0.85 earnings per share for the current year.

In other news, EVP Michelle Poole sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $29.33, for a total transaction of $879,900.00. Following the completion of the transaction, the executive vice president now directly owns 135,330 shares of the company’s stock, valued at approximately $3,969,228.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.42% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. FMR LLC increased its position in Crocs by 54.2% during the 1st quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock worth $73,000 after purchasing an additional 1,000 shares in the last quarter. Raymond James & Associates acquired a new stake in Crocs during the fourth quarter worth approximately $218,000. Stifel Financial Corp boosted its position in Crocs by 97.0% during the fourth quarter. Stifel Financial Corp now owns 14,384 shares of the textile maker’s stock worth $606,000 after acquiring an additional 7,084 shares during the last quarter. UBS Group AG grew its stake in Crocs by 66.2% in the 4th quarter. UBS Group AG now owns 93,924 shares of the textile maker’s stock worth $3,935,000 after acquiring an additional 37,412 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Crocs by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 755,077 shares of the textile maker’s stock valued at $31,631,000 after acquiring an additional 58,319 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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