Shares of Crocs, Inc. (NASDAQ:CROX) have been given a consensus rating of “Buy” by the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $37.70.
CROX has been the subject of several research analyst reports. Pivotal Research decreased their price objective on Crocs from $43.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Robert W. Baird boosted their price objective on Crocs from $26.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Susquehanna Bancshares reaffirmed a “buy” rating and set a $43.00 price target on shares of Crocs in a research report on Sunday, June 7th. ValuEngine downgraded Crocs from a “hold” rating to a “sell” rating in a research report on Friday, April 3rd. Finally, Zacks Investment Research raised Crocs from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Tuesday, June 23rd.
In other news, EVP Michelle Poole sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $29.33, for a total value of $879,900.00. Following the completion of the sale, the executive vice president now owns 135,330 shares of the company’s stock, valued at approximately $3,969,228.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas J. Smach sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $23.57, for a total value of $942,800.00. Following the completion of the sale, the director now directly owns 204,576 shares of the company’s stock, valued at approximately $4,821,856.32. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in Crocs by 1,973.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,343 shares of the textile maker’s stock valued at $98,000 after acquiring an additional 2,230 shares during the period. Aigen Investment Management LP bought a new stake in Crocs in the 1st quarter valued at $43,000. FMR LLC raised its stake in Crocs by 54.2% in the 1st quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 1,000 shares during the period. Mutual of America Capital Management LLC raised its stake in Crocs by 29.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 3,132 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 712 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Crocs in the 4th quarter valued at $135,000. Institutional investors and hedge funds own 92.29% of the company’s stock.
Shares of CROX stock traded up $2.18 on Tuesday, reaching $35.07. The company had a trading volume of 919,100 shares, compared to its average volume of 1,447,957. The company has a current ratio of 2.18, a quick ratio of 1.35 and a debt-to-equity ratio of 5.34. The stock has a market cap of $2.22 billion, a PE ratio of 23.23, a PEG ratio of 2.57 and a beta of 1.85. The company has a 50-day moving average of $29.51 and a 200-day moving average of $30.31. Crocs has a 12 month low of $8.40 and a 12 month high of $43.79.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, April 23rd. The textile maker reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). Crocs had a net margin of 8.71% and a return on equity of 90.72%. The company had revenue of $281.16 million during the quarter, compared to the consensus estimate of $295.27 million. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Crocs will post 0.85 earnings per share for the current year.
Crocs Company Profile
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.
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