Crocs (NASDAQ:CROX) Stock Rating Lowered by StockNews.com

Crocs (NASDAQ:CROX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts have also recently weighed in on CROX. Barclays lowered their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC began coverage on shares of Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective for the company. KeyCorp decreased their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird dropped their price target on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Crocs has an average rating of “Moderate Buy” and an average price target of $148.80.

Crocs Stock Performance

NASDAQ CROX opened at $110.04 on Friday. The stock has a market cap of $6.41 billion, a PE ratio of 7.98, a P/E/G ratio of 1.14 and a beta of 1.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a 50-day moving average of $107.41 and a 200-day moving average of $125.84. Crocs has a 52-week low of $94.50 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.25 earnings per share. On average, sell-side analysts anticipate that Crocs will post 12.93 EPS for the current year.

Insider Buying and Selling at Crocs

In other news, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Replogle acquired 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Several large investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its holdings in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the last quarter. Financial Management Professionals Inc. increased its position in Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the period. UMB Bank n.a. raised its stake in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the last quarter. 93.44% of the stock is currently owned by 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.