Crocs, Inc. (NASDAQ:CROX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $141.55.

A number of equities research analysts have issued reports on CROX shares. Piper Sandler upped their target price on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. KeyCorp raised their target price on shares of Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Raymond James boosted their target price on shares of Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Barclays started coverage on Crocs in a research note on Monday, April 1st. They issued an “overweight” rating and a $167.00 price objective on the stock. Finally, Williams Trading reaffirmed a “hold” rating and issued a $125.00 target price (down previously from $135.00) on shares of Crocs in a report on Tuesday, April 16th.

Insider Buying and Selling at Crocs

In other news, Director John B. Replogle bought 1,972 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $126.75 per share, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Crocs news, President Michelle Poole sold 5,074 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $124.98, for a total value of $634,148.52. Following the completion of the transaction, the president now directly owns 52,966 shares of the company’s stock, valued at $6,619,690.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John B. Replogle purchased 1,972 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, the director now directly owns 3,153 shares of the company’s stock, valued at $399,642.75. The disclosure for this purchase can be found here. Insiders have sold a total of 39,867 shares of company stock worth $4,786,276 over the last ninety days. Corporate insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Crocs by 116.9% during the third quarter. CWM LLC now owns 1,063 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 573 shares during the period. SG Americas Securities LLC boosted its stake in shares of Crocs by 824.6% in the 3rd quarter. SG Americas Securities LLC now owns 10,707 shares of the textile maker’s stock valued at $945,000 after purchasing an additional 9,549 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Crocs by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 22,023 shares of the textile maker’s stock worth $1,943,000 after buying an additional 1,241 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Crocs by 512.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,020 shares of the textile maker’s stock worth $2,384,000 after buying an additional 22,605 shares during the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in Crocs in the third quarter valued at approximately $4,635,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Trading Up 1.8 %

NASDAQ:CROX opened at $127.69 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. The company has a market capitalization of $7.75 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.58 and a beta of 2.01. The stock’s 50 day moving average price is $128.48 and its 200 day moving average price is $108.06. Crocs has a 52 week low of $74.00 and a 52 week high of $146.79.

Crocs (NASDAQ:CROX) last released 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. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The business had revenue of $960.10 million during the quarter, compared to analyst estimates of $958.39 million. During the same quarter in the previous year, the business earned $2.65 EPS. Crocs’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Crocs will post 12.44 EPS for the current fiscal year.

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.