Crocs (NASDAQ:CROX) Price Target Lowered to $59.00 at Stifel Nicolaus

Crocs (NASDAQ:CROXGet Rating) had its price objective cut by equities research analysts at Stifel Nicolaus from $101.00 to $59.00 in a report issued on Friday, The Fly reports. Stifel Nicolaus’ price target would indicate a potential downside of 10.10% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Seaport Res Ptn restated a “neutral” rating on shares of Crocs in a report on Tuesday, January 18th. TheStreet downgraded shares of Crocs from a “b-” rating to a “c+” rating in a report on Friday, February 4th. Robert W. Baird cut their price target on shares of Crocs from $200.00 to $120.00 in a report on Friday. Wedbush started coverage on shares of Crocs in a report on Thursday, April 28th. They set an “outperform” rating and a $90.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Crocs from a “strong-buy” rating to a “hold” rating and set a $73.00 target price on the stock. in a report on Wednesday, March 9th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $130.60.

Shares of NASDAQ:CROX opened at $65.63 on Friday. The firm has a fifty day moving average of $74.37 and a two-hundred day moving average 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. Crocs has a 12-month low of $64.70 and a 12-month high of $183.88. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 54.78.

Crocs (NASDAQ:CROXGet Rating) last issued its earnings results on Thursday, May 5th. The textile maker reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.50. The company had revenue of $660.15 million during the quarter, compared to analyst estimates of $621.81 million. Crocs had a net margin of 31.37% and a return on equity of 201.51%. The company’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. Equities research analysts expect that Crocs will post 10.15 earnings per share for the current fiscal year.

In related news, Director Douglas J. Treff acquired 8,100 shares of the company’s stock in a transaction dated Thursday, February 17th. The shares were bought at an average price of $91.44 per share, for a total transaction of $740,664.00. Following the acquisition, the director now owns 87,005 shares in the company, valued at approximately $7,955,737.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Beth J. Kaplan acquired 1,430 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were bought at an average price of $69.63 per share, for a total transaction of $99,570.90. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 37,698 shares of company stock worth $3,105,842. Insiders own 2.42% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC increased its holdings in shares of Crocs by 66.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,738,706 shares of the textile maker’s stock worth $249,469,000 after purchasing an additional 692,633 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Crocs by 34.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,141,267 shares of the textile maker’s stock valued at $163,749,000 after acquiring an additional 292,559 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Crocs by 12.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 1,086,927 shares of the textile maker’s stock valued at $155,952,000 after acquiring an additional 122,731 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Crocs by 8.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,059,600 shares of the textile maker’s stock valued at $152,031,000 after acquiring an additional 80,500 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Crocs by 96.2% during the 3rd quarter. Wellington Management Group LLP now owns 891,814 shares of the textile maker’s stock valued at $127,958,000 after acquiring an additional 437,259 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

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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