Recent Investment Analysts’ Ratings Updates for Crocs (CROX)

Crocs (NASDAQ: CROX) recently received a number of ratings updates from brokerages and research firms:

• 4/16/2024 – Crocs had its “hold” rating reaffirmed by analysts at Williams Trading. They now have a $125.00 price target on the stock, down previously from $135.00.
• 4/11/2024 – Crocs was upgraded by analysts at OTR Global from a “mixed” rating to a “positive” rating.
• 4/10/2024 – Crocs had its price target raised by analysts at B. Riley from $95.00 to $122.00. They now have a “neutral” rating on the stock.
• 4/1/2024 – Crocs is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $167.00 price target on the stock.
• 3/21/2024 – Crocs had its price target raised by analysts at KeyCorp from $130.00 to $149.00. They now have an “overweight” rating on the stock.
• 3/20/2024 – Crocs had its price target raised by analysts at Bank of America Co. from $140.00 to $150.00. They now have a “buy” rating on the stock.

Crocs Price Performance

NASDAQ:CROX traded down $0.54 during trading hours on Friday, hitting $120.54. 809,774 shares of the stock were exchanged, compared to its average volume of 1,430,244. The company has a market cap of $7.29 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.50 and a beta of 2.01. The firm’s fifty day moving average price is $126.84 and its 200 day moving average price is $105.84. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $151.32. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13.

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

Insider Buying and Selling at Crocs

In other Crocs news, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the transaction, the president now directly owns 64,912 shares of the company’s stock, valued at $7,734,264.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ian Bickley sold 16,785 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $120.05, for a total value of $2,015,039.25. Following the transaction, the director now owns 31,815 shares of the company’s stock, valued at approximately $3,819,390.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michelle Poole sold 4,793 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the transaction, the president now owns 64,912 shares of the company’s stock, valued at $7,734,264.80. The disclosure for this sale can be found here. Insiders sold a total of 39,867 shares of company stock worth $4,786,276 in the last three months. 2.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Raymond James & Associates boosted its position in shares of Crocs by 235.8% during the fourth quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock worth $5,466,000 after buying an additional 41,091 shares during the period. BW Gestao de Investimentos Ltda. purchased a new position in Crocs during the 3rd quarter valued at about $17,646,000. Tealwood Asset Management Inc. acquired a new stake in shares of Crocs during the fourth quarter worth about $865,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Crocs by 27.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,609 shares of the textile maker’s stock valued at $3,407,000 after purchasing an additional 8,297 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new stake in Crocs during the 3rd quarter worth approximately $575,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.