Robert W. Baird Has Lowered Expectations for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price objective cut by Robert W. Baird from $190.00 to $180.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

Other analysts also recently issued research reports about the company. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday. UBS Group cut their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. KeyCorp lifted their target price on Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.00.

Crocs Trading Down 2.3 %

NASDAQ:CROX opened at $109.00 on Wednesday. Crocs has a 12-month low of $74.00 and a 12-month high of $165.32. The firm has a market capitalization of $6.47 billion, a P/E ratio of 8.20, a P/E/G 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 has a 50 day simple moving average of $137.05 and a 200 day simple moving average of $138.45.

Crocs (NASDAQ:CROX) last announced 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.25 EPS. Equities research analysts predict that Crocs will post 12.88 EPS for the current year.

Insider Transactions at Crocs

In related news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $123.96 per share, with a total value 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 approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

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