Robert W. Baird Increases Crocs (NASDAQ:CROX) Price Target to $150.00

Crocs (NASDAQ:CROXGet 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

In other Crocs news, President Michelle Poole sold 10,507 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $89.04, for a total value of $935,543.28. Following the completion of the transaction, the president now owns 154,649 shares in the company, valued at $13,769,946.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Shannon Sisler sold 9,940 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $88.00, for a total transaction of $874,720.00. Following the completion of the transaction, the executive vice president now owns 36,985 shares in the company, valued at approximately $3,254,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Michelle Poole sold 10,507 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $89.04, for a total transaction of $935,543.28. Following the transaction, the president now owns 154,649 shares of the company’s stock, valued at approximately $13,769,946.96. The disclosure for this sale can be found here. Insiders sold 30,931 shares of company stock worth $2,650,886 over the last three months. Company insiders own 2.71% of the company’s stock.

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.

About Crocs

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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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