Brokerages Set Crocs, Inc. (NASDAQ:CROX) Target Price at $151.75

Crocs, Inc. (NASDAQ:CROXGet Free Report) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $154.83.

A number of equities analysts have recently weighed in on the stock. Wedbush lifted their price target on shares of Crocs from $156.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. KeyCorp raised their price objective on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Bank of America raised their price objective on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday. Williams Trading restated a “hold” rating and set a $125.00 price objective (down from $135.00) on shares of Crocs in a report on Tuesday, April 16th. Finally, 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.

View Our Latest Research Report on Crocs

Crocs Trading Down 2.0 %

Shares of NASDAQ CROX opened at $154.74 on Wednesday. The company’s fifty day moving average is $141.21 and its 200-day moving average is $123.50. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.79 and a beta of 1.97. Crocs has a twelve month low of $74.00 and a twelve month high of $165.32. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08.

Crocs (NASDAQ:CROXGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.77. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. Equities research analysts predict that Crocs will post 12.66 EPS for the current year.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares of the company’s stock, valued at approximately $12,771,642.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares of the company’s stock, valued at approximately $12,771,642.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the transaction, the director now directly owns 115,339 shares of the company’s stock, valued at approximately $16,184,368.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,178 shares of company stock worth $4,597,445. Insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Several hedge funds and other institutional investors have recently modified their holdings of CROX. Pathstone Family Office LLC boosted its holdings in shares of Crocs by 83.8% during the 3rd quarter. Pathstone Family Office LLC now owns 3,888 shares of the textile maker’s stock worth $343,000 after buying an additional 1,773 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Crocs by 56.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,441 shares of the textile maker’s stock worth $304,000 after buying an additional 1,237 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Crocs by 207.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,875 shares of the textile maker’s stock worth $335,000 after buying an additional 2,616 shares during the period. Prudential PLC boosted its holdings in shares of Crocs by 294.5% during the 3rd quarter. Prudential PLC now owns 9,993 shares of the textile maker’s stock worth $882,000 after buying an additional 7,460 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Crocs by 0.4% in the 3rd quarter. Nordea Investment Management AB now owns 37,802 shares of the textile maker’s stock valued at $3,362,000 after purchasing an additional 145 shares during the period. Institutional investors own 93.44% of the company’s stock.

About Crocs

(Get Free Report

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.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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