KeyCorp Lowers Crocs (NASDAQ:CROX) Price Target to $95.00

Crocs (NASDAQ:CROX) had its price target lowered by analysts at KeyCorp from $120.00 to $95.00 in a research note issued on Friday, Marketbeat reports. The firm presently has an “overweight” rating on the textile maker’s stock. KeyCorp’s price objective would suggest a potential upside of 26.26% from the company’s previous close.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price objective on shares of Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a report on Tuesday, July 22nd. UBS Group restated a “neutral” rating and issued a $110.00 price objective (up from $105.00) on shares of Crocs in a research report on Monday, July 28th. Barclays restated an “equal weight” rating and issued a $81.00 price objective (down from $119.00) on shares of Crocs in a research report on Friday. Needham & Company LLC dropped their target price on shares of Crocs from $129.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $85.00 price objective (down from $127.00) on shares of Crocs in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.85.

Crocs Stock Performance

CROX opened at $75.24 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average price is $101.82 and its two-hundred day moving average price is $102.22. Crocs has a 1-year low of $73.76 and a 1-year high of $151.13. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.56 and a beta of 1.41.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, beating the consensus estimate of $4.01 by $0.22. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.01 earnings per share. On average, analysts expect that Crocs will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, the director directly owned 27,505 shares of the company’s stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Boston Partners increased its position in Crocs by 2,659.1% during the 2nd quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock valued at $171,003,000 after purchasing an additional 1,627,190 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in Crocs by 4.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker’s stock valued at $144,678,000 after purchasing an additional 53,916 shares during the period. Dimensional Fund Advisors LP increased its position in Crocs by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker’s stock valued at $122,608,000 after purchasing an additional 108,076 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Crocs by 15.4% during the 1st quarter. Alliancebernstein L.P. now owns 1,115,733 shares of the textile maker’s stock valued at $118,491,000 after buying an additional 148,964 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Crocs by 180.9% during the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker’s stock valued at $93,484,000 after buying an additional 566,847 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.