Crocs (NASDAQ:CROX) PT Raised to $158.00

Crocs (NASDAQ:CROX) had its price target lifted by equities researchers at Stifel Nicolaus from $140.00 to $158.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 17.56% from the company’s previous close.

A number of other brokerages have also recently weighed in on CROX. Raymond James raised their price objective on Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Monness Crespi & Hardt raised their price objective on Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. B. Riley raised their price objective on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. KeyCorp lifted their price target on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, Bank of America lifted their price target on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.25.

Crocs Price Performance

Shares of NASDAQ:CROX traded down $2.09 on Wednesday, hitting $134.40. The company’s stock had a trading volume of 72,150 shares, compared to its average volume of 1,410,411. The company has a 50-day simple moving average of $129.57 and a 200 day simple moving average of $109.82. Crocs has a 1 year low of $74.00 and a 1 year high of $146.79. The company has a market capitalization of $8.16 billion, a PE ratio of 10.49, a PEG ratio of 1.56 and a beta of 2.03. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, beating 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 return on equity of 61.97% and a net margin of 20.00%. Crocs’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $2.61 EPS. Sell-side analysts forecast that Crocs will post 12.44 EPS for the current fiscal year.

Insider Activity at Crocs

In other news, President Michelle Poole sold 4,793 shares of the business’s 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 completion of the transaction, the president now owns 64,912 shares in the company, valued at $7,734,264.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Michelle Poole sold 4,793 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the sale, the president now owns 64,912 shares in the company, valued at $7,734,264.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John B. Replogle acquired 1,972 shares of Crocs stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $126.75 per share, with a total value of $249,951.00. Following the transaction, the director now owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Insiders have sold 39,867 shares of company stock worth $4,786,276 over the last ninety days. 2.72% of the stock is owned by corporate insiders.

Institutional Trading of Crocs

Several hedge funds have recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of Crocs by 235.8% in the fourth quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock worth $5,466,000 after acquiring an additional 41,091 shares during the period. Tealwood Asset Management Inc. bought a new position in shares of Crocs in 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 worth $3,407,000 after acquiring an additional 8,297 shares during the period. WealthPlan Investment Management LLC bought a new position in shares of Crocs in the third quarter worth about $575,000. Finally, Townsend & Associates Inc boosted its stake in shares of Crocs by 100.2% in the third quarter. Townsend & Associates Inc now owns 53,659 shares of the textile maker’s stock worth $4,614,000 after acquiring an additional 26,860 shares during the period. Institutional investors own 93.44% of the company’s stock.

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.