Crocs (NASDAQ:CROX) Rating Reiterated by Williams Trading

Williams Trading reaffirmed their hold rating on shares of Crocs (NASDAQ:CROX) in a research note released on Tuesday, Benzinga reports. The firm currently has a $125.00 price objective on the textile maker’s stock, down from their previous price objective of $135.00.

A number of other research firms also recently issued reports on CROX. B. Riley upped their target price on Crocs from $95.00 to $122.00 and gave the stock a neutral rating in a report on Wednesday, April 10th. OTR Global upgraded Crocs from a mixed rating to a positive rating in a research note on Thursday, April 11th. Barclays began coverage on Crocs in a research note on Monday, April 1st. They issued an overweight rating and a $167.00 price target on the stock. KeyCorp raised their price target on Crocs from $130.00 to $149.00 and gave the company an overweight rating in a report on Thursday, March 21st. Finally, Piper Sandler upped their price objective on shares of Crocs from $135.00 to $140.00 and gave the company an overweight rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $147.09.

Crocs Trading Down 2.2 %

Shares of NASDAQ CROX opened at $120.68 on Tuesday. Crocs has a 1-year low of $74.00 and a 1-year high of $151.32. The company has a 50-day moving average of $126.12 and a two-hundred day moving average of $105.64. The company has a market cap of $7.30 billion, a PE ratio of 9.42, a P/E/G ratio of 1.58 and a beta of 2.01. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The business had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 earnings per share. As a group, equities analysts expect that Crocs will post 12.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John B. Replogle purchased 1,972 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $126.75 per share, with a total value of $249,951.00. Following the completion of the purchase, the director now owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Crocs news, Director John B. Replogle acquired 1,972 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the acquisition, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now directly owns 64,912 shares in the company, valued at $7,734,264.80. The disclosure for this sale can be found here. Insiders have sold 39,867 shares of company stock worth $4,786,276 in the last 90 days. Insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV lifted its stake in shares of Crocs by 1.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,101 shares of the textile maker’s stock worth $663,000 after acquiring an additional 84 shares during the period. Metropolitan Life Insurance Co NY boosted its stake in shares of Crocs by 2.5% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,730 shares of the textile maker’s stock valued at $404,000 after purchasing an additional 90 shares during the last quarter. Byrne Asset Management LLC boosted its stake in shares of Crocs by 60.0% in the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Crocs by 12.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock worth $108,000 after buying an additional 126 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Crocs by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 9,222 shares of the textile maker’s stock valued at $861,000 after buying an additional 127 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.