Weekly Investment Analysts’ Ratings Changes for Crocs (CROX)

Crocs (NASDAQ: CROX) recently received a number of ratings updates from brokerages and research firms:

• 12/12/2024 – Crocs was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/6/2024 – Crocs had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $155.00 price target on the stock.
• 12/4/2024 – Crocs was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/22/2024 – Crocs is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $116.00 price target on the stock.
• 11/7/2024 – Crocs was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $110.00 price target on the stock, down previously from $150.00.
• 10/30/2024 – Crocs had its price target lowered by analysts at KeyCorp from $155.00 to $150.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at Robert W. Baird from $190.00 to $180.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at UBS Group AG from $146.00 to $122.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Crocs was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 10/30/2024 – Crocs was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/30/2024 – Crocs had its price target lowered by analysts at Loop Capital from $155.00 to $150.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at Guggenheim from $182.00 to $155.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Crocs had its price target lowered by analysts at Monness Crespi & Hardt from $170.00 to $140.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Crocs had its price target lowered by analysts at Barclays PLC from $164.00 to $125.00. They now have an “overweight” rating on the stock.
• 10/15/2024 – Crocs was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Crocs Price Performance

Shares of CROX opened at $112.94 on Friday. The company has a market cap of $6.58 billion, a P/E ratio of 8.19, a PEG ratio of 1.14 and a beta of 1.98. The stock has a fifty day moving average price of $116.16 and a 200 day moving average price of $132.57. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs, Inc. has a 12 month low of $85.71 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $3.25 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction on Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now owns 9,304 shares of the company’s stock, valued at $1,047,630.40. The trade was a 31.71 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Susan L. Healy acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Institutional Trading of Crocs

Several institutional investors have recently modified their holdings of the company. Davis Investment Partners LLC lifted its holdings in shares of Crocs by 0.8% in the third quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after buying an additional 77 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Crocs by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 85 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Crocs by 8.0% during the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 100 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Crocs by 10.3% during the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock valued at $178,000 after purchasing an additional 114 shares during the last quarter. Finally, Clear Harbor Asset Management LLC lifted its holdings in shares of Crocs by 4.0% during the third quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock valued at $436,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.