Crocs (NASDAQ:CROX) Given New $124.00 Price Target at UBS Group

Crocs (NASDAQ:CROX) had its price objective hoisted by UBS Group from $117.00 to $124.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

Other equities research analysts also recently issued reports about the stock. B. Riley increased their price objective on shares of Crocs from $95.00 to $122.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Piper Sandler raised their price objective on shares of Crocs from $135.00 to $140.00 and gave the stock an overweight rating in a research report on Friday, February 16th. OTR Global upgraded shares of Crocs from a mixed rating to a positive rating in a research note on Thursday, April 11th. KeyCorp raised their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an overweight rating in a research note on Thursday, March 21st. Finally, Williams Trading reiterated a hold rating and issued a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $145.17.

Crocs Stock Up 0.8 %

NASDAQ CROX opened at $126.43 on Tuesday. Crocs has a 52 week low of $74.00 and a 52 week high of $151.32. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $127.80 and its 200-day simple moving average is $106.94. The firm has a market cap of $7.65 billion, a PE ratio of 9.87, a P/E/G ratio of 1.52 and a beta of 2.01.

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

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now directly owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, President Michelle Poole sold 4,793 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total value of $571,085.95. Following the sale, the president now directly owns 64,912 shares of the company’s stock, valued at $7,734,264.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian Bickley sold 16,785 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the completion of the sale, the director now directly owns 31,815 shares in the company, valued at $3,819,390.75. The disclosure for this sale can be found here. Insiders have sold a total of 39,867 shares of company stock valued at $4,786,276 over the last ninety days. Corporate insiders own 2.69% of the company’s stock.

Institutional Trading of Crocs

Institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in Crocs in the first quarter valued at $25,000. Byrne Asset Management LLC raised its holdings in Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. increased its stake in Crocs by 185.0% during the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. Quest Partners LLC bought a new stake in Crocs during the fourth quarter valued at $53,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Crocs during the fourth quarter valued at $56,000. 93.44% of the stock is owned by institutional investors and hedge funds.

About Crocs

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.