Crocs (NASDAQ:CROX) PT Lowered to $164.00

Crocs (NASDAQ:CROX) had its target price decreased by equities researchers at Barclays from $169.00 to $164.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective suggests a potential upside of 33.00% from the stock’s current price.

CROX has been the topic of a number of other research reports. Stifel Nicolaus boosted their target price on Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Bank of America lifted their target price on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Williams Trading restated a “hold” rating and set a $125.00 price target (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Finally, Monness Crespi & Hardt increased their target price on shares of Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus target price of $154.09.

Crocs Stock Down 5.7 %

Shares of Crocs stock opened at $123.31 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.14 and a debt-to-equity ratio of 0.93. Crocs has a 1 year low of $74.00 and a 1 year high of $165.32. The stock has a 50-day moving average price of $145.01 and a 200 day moving average price of $131.45. The company has a market cap of $7.49 billion, a P/E ratio of 9.54, a P/E/G ratio of 1.45 and a beta of 2.00.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.59 earnings per share. As a group, analysts expect that Crocs will post 12.73 EPS for the current fiscal year.

Insider Activity at Crocs

In other news, Director Thomas J. Smach sold 10,174 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $140.32, for a total value of $1,427,615.68. Following the sale, the director now owns 115,339 shares in the company, valued at $16,184,368.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Thomas J. Smach sold 10,174 shares of the company’s 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 owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the sale, the chief executive officer now directly owns 79,748 shares in the company, valued at $12,771,642.20. The disclosure for this sale can be found here. Insiders sold a total of 30,178 shares of company stock worth $4,597,445 in the last 90 days. 2.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently bought and sold shares of CROX. V Square Quantitative Management LLC bought a new position in Crocs during the first quarter worth about $25,000. Rise Advisors LLC bought a new position in Crocs during the first quarter worth about $25,000. Byrne Asset Management LLC lifted its stake in Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after purchasing an additional 120 shares during the period. Blue Trust Inc. lifted its stake in Crocs by 185.0% during the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after purchasing an additional 222 shares during the period. Finally, Quest Partners LLC bought a new position in Crocs during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

About Crocs

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.