Crocs, Inc. (NASDAQ:CROX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $146.80.

A number of research analysts have commented on CROX shares. UBS Group cut their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Monness Crespi & Hardt decreased their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Needham & Company LLC started coverage on Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 price target on the stock. Finally, Barclays cut their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th.

Insider Activity

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after buying an additional 577,467 shares during the last quarter. State Street Corp increased its position in shares of Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after acquiring an additional 13,467 shares in the last quarter. Rheos Capital Works Inc. grew its holdings in shares of Crocs by 30.6% in the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after acquiring an additional 45,000 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Crocs by 34.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after purchasing an additional 46,890 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ:CROX opened at $104.77 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.79 and a beta of 1.95. Crocs has a 1 year low of $94.50 and a 1 year high of $165.32. The stock’s 50 day simple moving average is $108.03 and its two-hundred day simple moving average is $122.21.

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

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.