Shares of Crocs, Inc. (NASDAQ:CROX – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $151.14.
Several research analysts recently weighed in on CROX shares. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Barclays dropped their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Guggenheim dropped their price objective on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd.
Check Out Our Latest Research Report on CROX
Crocs Price Performance
Crocs (NASDAQ:CROX – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $3.25 EPS. Equities research analysts forecast that Crocs will post 12.93 earnings per share for the current fiscal year.
Insider Activity
In other Crocs news, Director John B. Replogle acquired 2,240 shares of the business’s 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 approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Susan L. Healy acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the transaction, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.
Institutional Investors Weigh In On Crocs
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. increased its holdings in Crocs by 17.3% during the 1st quarter. Sei Investments Co. now owns 18,215 shares of the textile maker’s stock worth $2,619,000 after purchasing an additional 2,680 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Crocs in the 1st quarter valued at approximately $268,000. Russell Investments Group Ltd. lifted its stake in Crocs by 78.2% in the 1st quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock valued at $5,053,000 after acquiring an additional 15,418 shares in the last quarter. Blair William & Co. IL bought a new stake in Crocs in the 1st quarter valued at approximately $262,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Crocs during the 1st quarter worth approximately $214,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.
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.
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