Crocs (NASDAQ:CROX) PT Raised to $169.00

Crocs (NASDAQ:CROX) had its price objective lifted by Barclays from $167.00 to $169.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target would indicate a potential upside of 20.97% from the stock’s current price.

Other analysts have also issued research reports about the stock. B. Riley raised their price objective on shares of Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Bank of America raised their price target on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Piper Sandler raised their price target on shares of Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Stifel Nicolaus raised their price target on shares of Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wedbush reissued an “outperform” rating and set a $154.00 target price on shares of Crocs in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.42.

Crocs Stock Performance

NASDAQ:CROX opened at $139.70 on Wednesday. Crocs has a 12-month low of $74.00 and a 12-month high of $146.79. 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 firm has a market capitalization of $8.48 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.56 and a beta of 2.03. The firm has a 50-day moving average price of $130.16 and a 200 day moving average price of $110.21.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.77. The company had revenue of $938.60 million during the quarter, compared to analyst estimates of $884.29 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $2.61 earnings per share. Research analysts anticipate that Crocs will post 12.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crocs news, President Michelle Poole sold 4,793 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $7,734,264.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Michelle Poole sold 4,793 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now owns 64,912 shares in the company, valued at approximately $7,734,264.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel P. Hart sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the transaction, the executive vice president now directly owns 219,293 shares in the company, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,867 shares of company stock valued at $4,786,276. Company insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Crocs in the 1st quarter worth $25,000. Rise Advisors LLC bought a new stake in shares of Crocs during the 1st quarter valued at about $25,000. Byrne Asset Management LLC boosted its stake in shares of Crocs by 60.0% during 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 in the last quarter. Blue Trust Inc. boosted its stake in shares of Crocs by 185.0% during the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Crocs during the 4th quarter valued at about $53,000. Institutional investors own 93.44% of the company’s stock.

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.