Crocs (NASDAQ:CROX) Stock Price Up 3.8% – Should You Buy?

Shares of Crocs, Inc. (NASDAQ:CROX) traded up 3.8% on Friday . The stock traded as high as $93.19 and last traded at $99.58. 630,582 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 1,401,143 shares. The stock had previously closed at $95.97.

Wall Street Analyst Weigh In

CROX has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Loop Capital increased their price target on Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. UBS Group lifted their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Robert W. Baird lowered their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.53.

Crocs Trading Up 4.9 %

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The business’s 50 day simple moving average is $102.96 and its 200 day simple moving average is $111.98. The stock has a market cap of $5.64 billion, a P/E ratio of 6.29, a PEG ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

Institutional Trading of Crocs

A number of hedge funds and other institutional investors have recently made changes to their positions in CROX. Vanguard Group Inc. grew its holdings in Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after acquiring an additional 47,576 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Crocs by 42.0% in the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock valued at $8,450,000 after purchasing an additional 22,809 shares in the last quarter. State of Alaska Department of Revenue raised its position in Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock worth $2,373,000 after purchasing an additional 12,245 shares during the last quarter. Impax Asset Management Group plc acquired a new position in Crocs during the 4th quarter worth $684,000. Finally, Oppenheimer & Co. Inc. boosted its position in Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock valued at $1,888,000 after buying an additional 4,862 shares during the last quarter. 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.