KeyCorp Cuts Crocs (NASDAQ:CROX) Price Target to $150.00

Crocs (NASDAQ:CROX) had its price target decreased by KeyCorp from $155.00 to $150.00 in a report released on Wednesday, Benzinga reports. KeyCorp currently has an overweight rating on the textile maker’s stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird lowered their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, UBS Group decreased their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average price target of $154.00.

Crocs Trading Down 2.3 %

Shares of Crocs stock opened at $109.00 on Wednesday. Crocs has a 1 year low of $74.00 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. The company has a market capitalization of $6.47 billion, a P/E ratio of 8.20, a PEG ratio of 1.35 and a beta of 1.99. The company’s fifty day moving average is $137.05 and its two-hundred day moving average is $138.45.

Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.25 earnings per share. Analysts forecast that Crocs will post 12.88 earnings per share for the current year.

Insider Activity

In other Crocs news, Director John B. Replogle purchased 1,996 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the transaction, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John B. Replogle acquired 1,996 shares of Crocs stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the purchase, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its stake in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares during the period. UMB Bank n.a. raised its stake in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC raised its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the period. Finally, Blue Trust Inc. raised its stake in Crocs by 19.3% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock worth $144,000 after purchasing an additional 162 shares during the period. 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.