Crocs (NASDAQ:CROX) Earns Outperform Rating from Robert W. Baird

Crocs (NASDAQ:CROXGet Rating)‘s stock had its “outperform” rating restated by research analysts at Robert W. Baird in a research report issued on Tuesday, Marketbeat reports. They presently have a $90.00 target price on the textile maker’s stock. Robert W. Baird’s price objective would suggest a potential upside of 16.31% from the company’s current price.

CROX has been the subject of several other research reports. UBS Group reduced their price target on shares of Crocs from $73.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, July 15th. B. Riley set a $120.00 price target on Crocs in a research note on Tuesday, July 19th. Stifel Nicolaus lowered their target price on Crocs from $59.00 to $54.00 in a research report on Wednesday, July 20th. StockNews.com downgraded Crocs from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Finally, OTR Global lowered Crocs to a “positive” rating in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.75.

Crocs Stock Performance

Crocs stock opened at $77.38 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.96 and a debt-to-equity ratio of 8.17. The company has a market capitalization of $4.76 billion, a P/E ratio of 6.96, a PEG ratio of 0.46 and a beta of 2.02. The stock’s 50 day moving average is $56.34 and its 200 day moving average is $71.14. Crocs has a twelve month low of $46.08 and a twelve month high of $183.88.

Crocs (NASDAQ:CROXGet Rating) last issued its earnings results on Thursday, May 5th. The textile maker reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.49. Crocs had a return on equity of 206.72% and a net margin of 27.85%. The business had revenue of $660.15 million during the quarter, compared to analyst estimates of $621.81 million. During the same quarter in the previous year, the firm earned $1.49 EPS. Crocs’s revenue was up 43.5% on a year-over-year basis. On average, equities research analysts predict that Crocs will post 10.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In related news, EVP Daniel P. Hart acquired 5,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was bought at an average cost of $52.63 per share, with a total value of $263,150.00. Following the transaction, the executive vice president now directly owns 263,322 shares in the company, valued at $13,858,636.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, CFO Anne Mehlman purchased 2,600 shares of the stock in a transaction dated Monday, May 9th. The stock was purchased at an average price of $54.91 per share, with a total value of $142,766.00. Following the transaction, the chief financial officer now owns 121,153 shares of the company’s stock, valued at $6,652,511.23. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel P. Hart purchased 5,000 shares of the stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average cost of $52.63 per share, with a total value of $263,150.00. Following the transaction, the executive vice president now directly owns 263,322 shares in the company, valued at approximately $13,858,636.86. The disclosure for this purchase can be found here. Insiders purchased a total of 17,600 shares of company stock valued at $947,066 in the last three months. Company insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Crocs

Several hedge funds have recently modified their holdings of the business. Buckingham Strategic Wealth LLC lifted its position in shares of Crocs by 2.6% in the 4th quarter. Buckingham Strategic Wealth LLC now owns 4,500 shares of the textile maker’s stock worth $577,000 after purchasing an additional 115 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Crocs by 28.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 675 shares of the textile maker’s stock worth $86,000 after purchasing an additional 150 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Crocs by 4.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,036 shares of the textile maker’s stock worth $517,000 after purchasing an additional 154 shares during the period. Parallel Advisors LLC lifted its position in shares of Crocs by 53.3% in the 1st quarter. Parallel Advisors LLC now owns 555 shares of the textile maker’s stock worth $44,000 after purchasing an additional 193 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its position in Crocs by 100.0% during the first quarter. FinTrust Capital Advisors LLC now owns 400 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Crocs (NASDAQ:CROX)

Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.