Crocs, Inc. (NASDAQ:CROX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Crocs, Inc. (NASDAQ:CROX) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $148.80.

Several research analysts have commented on CROX shares. Guggenheim reiterated a “buy” rating and set a $155.00 price target on shares of Crocs in a report on Friday, December 6th. KeyCorp dropped their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Barclays dropped their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Piper Sandler restated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Finally, UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

Crocs Trading Up 2.4 %

NASDAQ:CROX opened at $111.55 on Wednesday. Crocs has a 12-month low of $85.71 and a 12-month high of $165.32. The firm has a market cap of $6.50 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.14 and a beta of 1.98. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $114.52 and a 200 day moving average price of $131.37.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $3.25 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Crocs will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John B. Replogle acquired 2,240 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Crocs by 31.1% in the 3rd quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker’s stock valued at $6,497,000 after purchasing an additional 11,056 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Crocs by 64.5% in the third quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker’s stock valued at $3,139,000 after buying an additional 8,498 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crocs during the third quarter worth $73,000. World Investment Advisors LLC purchased a new position in Crocs in the third quarter worth $211,000. Finally, TD Private Client Wealth LLC lifted its holdings in Crocs by 21.0% in the third quarter. TD Private Client Wealth LLC now owns 1,245 shares of the textile maker’s stock valued at $180,000 after acquiring an additional 216 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.