Williams Trading Reaffirms “Hold” Rating for Crocs (NASDAQ:CROX)

Williams Trading reaffirmed their hold rating on shares of Crocs (NASDAQ:CROX) in a research report released on Tuesday, Benzinga reports. They currently have a $125.00 price target on the textile maker’s stock, down from their prior price target of $135.00.

A number of other equities research analysts also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Crocs from $132.00 to $140.00 and gave the stock a buy rating in a research report on Friday, February 16th. Barclays initiated coverage on shares of Crocs in a research report on Monday, April 1st. They issued an overweight rating and a $167.00 target price for the company. Raymond James boosted their price objective on shares of Crocs from $120.00 to $145.00 and gave the company a strong-buy rating in a research report on Friday, February 16th. OTR Global raised shares of Crocs from a mixed rating to a positive rating in a research report on Thursday, April 11th. Finally, KeyCorp boosted their price objective on shares of Crocs from $130.00 to $149.00 and gave the company an overweight rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $147.09.

Crocs Price Performance

Shares of NASDAQ CROX opened at $121.08 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Crocs has a twelve month low of $74.00 and a twelve month high of $151.32. The firm has a market cap of $7.33 billion, a P/E ratio of 9.45, a PEG ratio of 1.52 and a beta of 2.01. The company has a 50 day moving average of $126.84 and a 200 day moving average of $105.84.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The business had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. During the same quarter in the previous year, the firm posted $2.65 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that Crocs will post 12.46 EPS for the current fiscal year.

Insider Activity at Crocs

In other news, Director John B. Replogle bought 1,972 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the purchase, the director now owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John B. Replogle bought 1,972 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the purchase, the director now owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now owns 31,815 shares in the company, valued at approximately $3,819,390.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,867 shares of company stock worth $4,786,276. 2.69% of the stock is owned by corporate insiders.

Institutional Trading of Crocs

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Crocs by 3.9% in the 1st quarter. BlackRock Inc. now owns 6,646,713 shares of the textile maker’s stock worth $507,811,000 after purchasing an additional 247,828 shares in the last quarter. Vanguard Group Inc. lifted its stake in Crocs by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,836,304 shares of the textile maker’s stock worth $445,893,000 after purchasing an additional 226,669 shares in the last quarter. WIT Partners Advisory Pte. Ltd. purchased a new stake in Crocs in the 4th quarter worth $266,431,000. State Street Corp lifted its stake in Crocs by 1.8% in the 1st quarter. State Street Corp now owns 2,010,638 shares of the textile maker’s stock worth $254,225,000 after purchasing an additional 36,361 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Crocs by 14.9% during the 3rd quarter. Morgan Stanley now owns 1,557,666 shares of the textile maker’s stock valued at $137,433,000 after buying an additional 202,392 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.