Crocs (NASDAQ:CROX – Get Rating) had its price objective increased by equities research analysts at Robert W. Baird from $100.00 to $150.00 in a report issued on Monday, The Fly reports. The firm currently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price target points to a potential upside of 55.18% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus dropped their price objective on Crocs from $59.00 to $54.00 in a report on Wednesday, July 20th. BNP Paribas assumed coverage on Crocs in a report on Wednesday, September 21st. They issued a “neutral” rating for the company. Exane BNP Paribas started coverage on Crocs in a report on Wednesday, September 21st. They set a “neutral” rating for the company. OTR Global cut shares of Crocs to a “positive” rating in a research report on Tuesday, July 19th. Finally, StockNews.com lowered shares of Crocs from a “hold” rating to a “sell” rating in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.57.
Crocs Trading Up 6.3 %
Shares of CROX stock opened at $96.66 on Monday. Crocs has a 1 year low of $46.08 and a 1 year high of $183.14. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.97 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $77.13 and its two-hundred day simple moving average is $66.99. The company has a market cap of $5.97 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.
Insider Activity at Crocs
Institutional Trading of Crocs
Large investors have recently bought and sold shares of the business. Independent Advisor Alliance purchased a new stake in Crocs during the 1st quarter valued at about $369,000. Verition Fund Management LLC grew its stake in Crocs by 31.3% during the 1st quarter. Verition Fund Management LLC now owns 5,500 shares of the textile maker’s stock valued at $420,000 after acquiring an additional 1,311 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Crocs by 5,986.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 49,177 shares of the textile maker’s stock valued at $3,757,000 after acquiring an additional 48,369 shares in the last quarter. Sit Investment Associates Inc. purchased a new stake in Crocs during the 1st quarter valued at about $933,000. Finally, Echo Street Capital Management LLC grew its stake in Crocs by 19.9% during the 1st quarter. Echo Street Capital Management LLC now owns 13,466 shares of the textile maker’s stock valued at $1,029,000 after acquiring an additional 2,236 shares in the last quarter. Hedge funds and other institutional investors own 79.96% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Crocs (CROX)
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