Crocs (NASDAQ:CROX) Rating Increased to Buy at StockNews.com

Crocs (NASDAQ:CROX) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

CROX has been the topic of a number of other research reports. Wedbush reaffirmed an “outperform” rating and set a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Barclays reduced their target price on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a research note on Friday, August 2nd. Bank of America upped their price target on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Guggenheim initiated coverage on Crocs in a research report on Wednesday, October 9th. They set a “buy” rating and a $182.00 price objective for the company. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

Crocs Stock Down 2.1 %

NASDAQ CROX opened at $137.54 on Tuesday. Crocs has a 1 year low of $74.00 and a 1 year high of $165.32. The stock has a market capitalization of $8.35 billion, a PE ratio of 10.65, a PEG ratio of 1.35 and a beta of 1.99. 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 business’s 50-day moving average is $138.03 and its 200 day moving average is $138.72.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $3.59 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that Crocs will post 12.88 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other news, Director Douglas J. Treff sold 10,594 shares of the 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 sale, the director now owns 81,254 shares in the company, valued at $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Douglas J. Treff sold 10,594 shares of the firm’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 sale, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crocs

A number of hedge funds have recently bought and sold shares of CROX. Nordea Investment Management AB boosted its holdings in shares of Crocs by 17.0% during the 1st quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock valued at $7,292,000 after acquiring an additional 7,448 shares during the last quarter. Alaska Permanent Fund Corp grew its position in Crocs by 282.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock worth $2,226,000 after purchasing an additional 11,428 shares during the period. Boston Partners purchased a new stake in Crocs during the 1st quarter valued at $10,771,000. Global Assets Advisory LLC bought a new position in shares of Crocs during the 1st quarter valued at $7,399,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Crocs by 78.2% in the 1st quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock worth $5,053,000 after buying an additional 15,418 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.