Crocs (NASDAQ:CROX) Shares Up 4.6%

Crocs, Inc. (NASDAQ:CROX)’s stock price was up 4.6% during mid-day trading on Monday . The stock traded as high as $135.30 and last traded at $134.74. Approximately 464,113 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,315,205 shares. The stock had previously closed at $128.77.

Analysts Set New Price Targets

Several brokerages have commented on CROX. Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. UBS Group dropped their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Raymond James downgraded Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price on the stock. in a research report on Friday, August 2nd. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Finally, Bank of America boosted their price objective on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $160.27.

Crocs Stock Performance

The stock’s 50-day moving average is $134.73 and its 200-day moving average is $137.39. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $3.59 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the transaction, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, Director John B. Replogle bought 1,996 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, with a total value of $247,424.16. Following the transaction, the director now owns 7,064 shares in the company, valued at $875,653.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

A number of hedge funds have recently made changes to their positions in the business. Gryphon Financial Partners LLC purchased a new position in Crocs in the fourth quarter valued at about $150,000. BNP Paribas Financial Markets grew its position in Crocs by 242.1% in the fourth quarter. BNP Paribas Financial Markets now owns 56,494 shares of the textile maker’s stock valued at $5,277,000 after acquiring an additional 39,979 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Crocs by 20.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 639,739 shares of the textile maker’s stock valued at $59,766,000 after purchasing an additional 109,637 shares during the period. Principal Financial Group Inc. lifted its position in shares of Crocs by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 247,778 shares of the textile maker’s stock worth $23,145,000 after purchasing an additional 967 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Crocs by 64.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,497 shares of the textile maker’s stock valued at $887,000 after purchasing an additional 3,706 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.