Barclays Lowers Crocs (NASDAQ:CROX) Price Target to $164.00

Crocs (NASDAQ:CROX) had its price target decreased by investment analysts at Barclays from $169.00 to $164.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective indicates a potential upside of 34.80% from the company’s current price.

Several other equities analysts also recently commented on the stock. UBS Group lowered their price objective on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. B. Riley boosted their price target on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Stifel Nicolaus boosted their price target on shares of Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Crocs in a research report on Monday. Finally, Bank of America boosted their price target on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $154.09.

Crocs Trading Down 7.0 %

Crocs stock traded down $9.15 during mid-day trading on Friday, hitting $121.66. The company’s stock had a trading volume of 273,492 shares, compared to its average volume of 1,372,422. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 1.49 and a beta of 2.00. The business has a 50 day moving average price of $145.52 and a 200-day moving average price of $131.10. Crocs has a 12 month low of $74.00 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.42. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.59 earnings per share. As a group, analysts forecast that Crocs will post 12.73 EPS for the current year.

Insider Activity

In other news, Director Thomas J. Smach sold 10,174 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the sale, the director now owns 115,339 shares in the company, valued at $16,184,368.48. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares in the company, valued at $12,771,642.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Smach sold 10,174 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the transaction, the director now owns 115,339 shares in the company, valued at approximately $16,184,368.48. The disclosure for this sale can be found here. Insiders have sold a total of 30,178 shares of company stock worth $4,597,445 over the last 90 days. 2.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Crocs by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after acquiring an additional 85 shares during the period. Riverwater Partners LLC raised its position in Crocs by 1.0% in the first quarter. Riverwater Partners LLC now owns 10,725 shares of the textile maker’s stock worth $1,542,000 after acquiring an additional 104 shares during the period. 180 Wealth Advisors LLC raised its position in Crocs by 1.6% in the second quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock worth $1,036,000 after acquiring an additional 111 shares during the period. Byrne Asset Management LLC raised its position in Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after acquiring an additional 120 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Crocs by 12.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock worth $108,000 after acquiring an additional 126 shares during the period. 93.44% of the stock is currently 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.