Crocs (NASDAQ:CROX) Given New $164.00 Price Target at Barclays

Crocs (NASDAQ:CROX) had its target price cut by Barclays from $169.00 to $164.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Several other equities analysts also recently weighed in on the stock. UBS Group reduced their target price on shares of Crocs from $148.00 to $146.00 and set a neutral rating for the company in a research note on Tuesday, July 16th. Monness Crespi & Hardt lifted their price objective on shares of Crocs from $140.00 to $170.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Stifel Nicolaus increased their target price on Crocs from $140.00 to $158.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Wedbush reiterated an outperform rating and issued a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Finally, Williams Trading reiterated a hold rating and issued a $125.00 price target (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $154.09.

Crocs Stock Performance

Crocs stock traded down $7.50 during trading on Friday, hitting $123.31. The stock had a trading volume of 2,195,533 shares, compared to its average volume of 1,596,200. The stock’s 50 day moving average is $145.01 and its two-hundred day moving average is $131.24. Crocs has a 1 year low of $74.00 and a 1 year high of $165.32. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 1.45 and a beta of 2.00. The company has a quick ratio of 1.14, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.42. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.59 earnings per share. As a group, analysts predict that Crocs will post 12.73 EPS for the current year.

Insider Activity at Crocs

In related news, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction on Friday, May 10th. The stock was sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the sale, the director now owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Crocs news, EVP Shannon Sisler sold 1,404 shares of Crocs stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $149.96, for a total transaction of $210,543.84. Following the completion of the sale, the executive vice president now owns 37,103 shares of the company’s stock, valued at $5,563,965.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $140.32, for a total value of $1,427,615.68. Following the sale, the director now directly owns 115,339 shares of the company’s stock, valued at approximately $16,184,368.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,178 shares of company stock valued at $4,597,445. Company insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Several hedge funds have recently added to or reduced their stakes in CROX. V Square Quantitative Management LLC bought a new stake in Crocs during the first quarter worth about $25,000. Rise Advisors LLC bought a new stake in shares of Crocs in the 1st quarter valued at about $25,000. Byrne Asset Management LLC lifted its stake in shares of Crocs by 60.0% in the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Crocs by 185.0% in the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 222 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Crocs in the 4th quarter valued at about $53,000. Institutional investors own 93.44% of the company’s stock.

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.