Crocs (NASDAQ:CROX) PT Raised to $148.00

Crocs (NASDAQ:CROX) had its price target upped by investment analysts at UBS Group from $124.00 to $148.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price would indicate a potential upside of 5.05% from the company’s previous close.

A number of other equities analysts have also issued reports on CROX. Monness Crespi & Hardt increased their price objective on Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler upped their price objective on shares of Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Stifel Nicolaus raised their target price on shares of Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $154.00 price target on shares of Crocs in a research note on Friday, May 3rd. Finally, OTR Global upgraded shares of Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.42.

Crocs Stock Up 0.8 %

NASDAQ:CROX traded up $1.18 during trading hours on Wednesday, hitting $140.88. The stock had a trading volume of 114,044 shares, compared to its average volume of 1,408,052. The business has a 50 day simple moving average of $130.16 and a two-hundred day simple moving average of $110.21. Crocs has a 1-year low of $74.00 and a 1-year high of $146.79. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The company has a market cap of $8.55 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.56 and a beta of 2.03.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping the consensus estimate of $2.25 by $0.77. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. During the same quarter in the previous year, the firm posted $2.61 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. Analysts predict that Crocs will post 12.44 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Crocs

Large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in Crocs by 280.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,219 shares of the textile maker’s stock valued at $615,000 after buying an additional 3,111 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in Crocs during the 1st quarter valued at $321,000. Mizuho Markets Americas LLC bought a new position in shares of Crocs in the first quarter worth about $568,000. Banco BTG Pactual S.A. acquired a new stake in shares of Crocs in the first quarter valued at approximately $252,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Crocs during the first quarter worth $214,000. 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.