Crocs, Inc. (NASDAQ:CROX) Receives Consensus Rating of “Buy” from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX – Get Rating) have received an average rating of “Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $130.60.

Several analysts have weighed in on CROX shares. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut shares of Crocs from a “strong-buy” rating to a “hold” rating and set a $73.00 price objective on the stock. in a research report on Wednesday, March 9th. Robert W. Baird reduced their price target on shares of Crocs from $200.00 to $120.00 in a research report on Friday. Seaport Res Ptn reiterated a “neutral” rating on shares of Crocs in a research report on Tuesday, January 18th. Finally, TheStreet cut shares of Crocs from a “b-” rating to a “c+” rating in a research report on Friday, February 4th.

In other news, Director Douglas J. Treff acquired 8,100 shares of Crocs stock in a transaction that occurred on Thursday, February 17th. The stock was bought at an average price of $91.44 per share, for a total transaction of $740,664.00. Following the completion of the transaction, the director now owns 87,005 shares in the company, valued at $7,955,737.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Frasch purchased 3,250 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were bought at an average cost of $77.02 per share, with a total value of $250,315.00. The disclosure for this purchase can be found here. Insiders have acquired 37,698 shares of company stock valued at $3,105,842 in the last quarter. 2.42% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC boosted its stake in Crocs by 66.2% during the third quarter. Lord Abbett & CO. LLC now owns 1,738,706 shares of the textile maker’s stock valued at $249,469,000 after buying an additional 692,633 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Crocs by 34.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,141,267 shares of the textile maker’s stock valued at $163,749,000 after buying an additional 292,559 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Crocs by 12.7% during the third quarter. Goldman Sachs Group Inc. now owns 1,086,927 shares of the textile maker’s stock valued at $155,952,000 after purchasing an additional 122,731 shares during the period. Two Sigma Advisers LP raised its position in Crocs by 8.2% during the third quarter. Two Sigma Advisers LP now owns 1,059,600 shares of the textile maker’s stock valued at $152,031,000 after purchasing an additional 80,500 shares during the period. Finally, Wellington Management Group LLP raised its position in Crocs by 96.2% during the third quarter. Wellington Management Group LLP now owns 891,814 shares of the textile maker’s stock valued at $127,958,000 after purchasing an additional 437,259 shares during the period. 90.14% of the stock is owned by institutional investors.

CROX opened at $65.63 on Friday. The company has a fifty day moving average price of $74.37 and a 200-day moving average price of $114.33. The firm has a market capitalization of $4.04 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 0.46 and a beta of 1.85. The company has a debt-to-equity ratio of 54.78, a current ratio of 1.72 and a quick ratio of 1.17. Crocs has a one year low of $64.70 and a one year high of $183.88.

Crocs (NASDAQ:CROX – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The textile maker reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.50. Crocs had a net margin of 31.37% and a return on equity of 201.51%. The company had revenue of $660.15 million during the quarter, compared to the consensus estimate of $621.81 million. During the same period in the previous year, the firm posted $1.49 EPS. The firm’s revenue was up 43.5% compared to the same quarter last year. On average, analysts expect that Crocs will post 10.15 earnings per share for the current year.

Crocs Company Profile (Get Rating)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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