Crocs (NASDAQ:CROX) Price Target Lowered to $120.00 at Robert W. Baird

Crocs (NASDAQ:CROXGet Rating) had its price target dropped by investment analysts at Robert W. Baird from $200.00 to $120.00 in a note issued to investors on Friday, The Fly reports. Robert W. Baird’s price target suggests a potential upside of 82.84% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Seaport Res Ptn reiterated a “neutral” rating on shares of Crocs in a research report on Tuesday, January 18th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the company from $150.00 to $80.00 in a research report on Monday, April 4th. B. Riley lowered their price objective on Crocs from $174.00 to $153.00 and set a “buy” rating on the stock in a research report on Wednesday, January 26th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus lowered their price objective on Crocs from $130.00 to $101.00 in a research report on Wednesday, February 16th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crocs has an average rating of “Buy” and an average price target of $134.80.

NASDAQ CROX opened at $65.63 on Friday. The company has a market capitalization of $4.04 billion, a PE 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 quick ratio of 1.17 and a current ratio of 1.72. The business’s fifty day moving average is $74.37 and its 200 day moving average is $114.33. Crocs has a fifty-two week low of $64.70 and a fifty-two week high of $183.88.

Crocs (NASDAQ:CROXGet Rating) last released its earnings results on Thursday, May 5th. The textile maker reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.50. The company had revenue of $660.15 million for the quarter, compared to the consensus estimate of $621.81 million. Crocs had a return on equity of 201.51% and a net margin of 31.37%. Crocs’s quarterly revenue was up 43.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. On average, sell-side analysts forecast that Crocs will post 10.15 EPS for the current year.

In other news, Director Ronald Frasch bought 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were bought at an average cost of $77.02 per share, for a total transaction of $250,315.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas J. Treff acquired 2,962 shares of Crocs stock in a transaction on Monday, March 14th. The shares were bought at an average cost of $67.50 per share, for a total transaction of $199,935.00. The disclosure for this purchase can be found here. Insiders purchased 37,698 shares of company stock worth $3,105,842 over the last quarter. 2.42% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CROX. FinTrust Capital Advisors LLC increased its stake in Crocs by 100.0% during the first quarter. FinTrust Capital Advisors LLC now owns 400 shares of the textile maker’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Crocs during the fourth quarter worth approximately $32,000. Koshinski Asset Management Inc. increased its stake in Crocs by 1,716.7% during the first quarter. Koshinski Asset Management Inc. now owns 436 shares of the textile maker’s stock worth $33,000 after acquiring an additional 412 shares during the last quarter. National Bank of Canada FI bought a new stake in Crocs during the fourth quarter worth approximately $36,000. Finally, Western Pacific Wealth Management LP bought a new position in shares of Crocs during the fourth quarter valued at approximately $38,000. 90.14% of the stock is currently owned by institutional investors.

About Crocs (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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