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

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $143.53.

CROX has been the subject of a number of analyst reports. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Wednesday, March 12th. Guggenheim decreased their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. KeyCorp decreased their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. Finally, Barclays decreased their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th.

Crocs Trading Down 1.4 %

NASDAQ CROX opened at $105.48 on Friday. The firm has a market capitalization of $5.91 billion, a P/E ratio of 6.60, a PEG ratio of 1.80 and a beta of 1.84. The business has a fifty day simple moving average of $102.24 and a 200 day simple moving average of $114.13. Crocs has a 12 month low of $88.25 and a 12 month high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Crocs will post 13.2 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CROX. UMB Bank n.a. boosted its position in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Allianz SE bought a new stake in shares of Crocs during the 4th quarter valued at about $53,000. Ameriflex Group Inc. bought a new stake in shares of Crocs during the 4th quarter valued at about $54,000. Avior Wealth Management LLC boosted its position in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Crocs during the 3rd quarter valued at about $73,000. 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.