Crocs (NASDAQ:CROX) Stock Rating Reaffirmed by Williams Trading

Crocs (NASDAQ:CROX)‘s stock had its “hold” rating restated by analysts at Williams Trading in a report issued on Tuesday, Benzinga reports. They currently have a $125.00 price objective on the textile maker’s stock, down from their prior price objective of $135.00. Williams Trading’s price objective points to a potential upside of 4.75% from the company’s current price.

Other research analysts have also issued research reports about the company. Barclays started coverage on Crocs in a research report on Monday, April 1st. They set an “overweight” rating and a $167.00 price target for the company. KeyCorp upped their price target on Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Raymond James increased their target price on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus increased their target price on Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.09.

Crocs Trading Down 1.1 %

NASDAQ CROX opened at $119.33 on Tuesday. Crocs has a 1-year low of $74.00 and a 1-year high of $151.32. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average of $126.50 and a 200-day moving average of $105.74. The firm has a market cap of $7.22 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.55 and a beta of 2.01.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.20. The business had revenue of $960.10 million during the quarter, compared to analyst estimates of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. Crocs’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 EPS. As a group, sell-side analysts forecast that Crocs will post 12.46 EPS for the current year.

Insider Buying and Selling

In related news, President Michelle Poole sold 4,793 shares of the company’s 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 sale, the president now owns 64,912 shares in the company, valued at approximately $7,734,264.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, President Michelle Poole sold 4,793 shares of the company’s 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 sale, the president now owns 64,912 shares in the company, valued at approximately $7,734,264.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Replogle bought 1,972 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, 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 worth $4,786,276 in the last 90 days. Insiders own 2.69% of the company’s stock.

Institutional Trading of Crocs

Several institutional investors have recently added to or reduced their stakes in CROX. WIT Partners Advisory Pte. Ltd. purchased a new stake in Crocs during the 4th quarter valued at $266,431,000. Coatue Management LLC boosted its stake in Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after purchasing an additional 919,835 shares during the last quarter. Norges Bank purchased a new stake in Crocs during the 4th quarter valued at $72,211,000. Morgan Stanley boosted its stake in Crocs by 97.9% during the 4th quarter. Morgan Stanley now owns 1,300,768 shares of the textile maker’s stock valued at $141,042,000 after purchasing an additional 643,578 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Crocs by 278.9% during the 1st quarter. Two Sigma Advisers LP now owns 849,600 shares of the textile maker’s stock valued at $107,423,000 after buying an additional 625,400 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

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.