Crocs (NASDAQ:CROX) Given New $155.00 Price Target at KeyCorp

Crocs (NASDAQ:CROX) had its price target upped by KeyCorp from $149.00 to $155.00 in a research note issued to investors on Thursday, Benzinga reports. KeyCorp currently has an overweight rating on the textile maker’s stock.

Several other research analysts have also commented on CROX. Raymond James lowered Crocs from a strong-buy rating to an outperform rating and set a $164.00 price target for the company. in a research report on Friday, August 2nd. Barclays cut their price target on shares of Crocs from $169.00 to $164.00 and set an overweight rating on the stock in a research note on Friday, August 2nd. Piper Sandler reissued an overweight rating and set a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. StockNews.com upgraded shares of Crocs from a hold rating to a buy rating in a report on Friday, August 23rd. Finally, Bank of America raised their price target on shares of Crocs from $160.00 to $187.00 and gave the company a buy rating in a research report on Thursday, June 20th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $160.82.

Crocs Stock Down 2.1 %

Shares of NASDAQ:CROX opened at $144.31 on Thursday. The business has a 50-day moving average price of $135.41 and a 200 day moving average price of $138.58. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.44 and a beta of 2.00. Crocs has a 12-month low of $74.00 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $3.59 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that Crocs will post 12.85 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle acquired 1,996 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the transaction, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Crocs news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the transaction, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Crocs

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Coatue Management LLC grew its holdings in shares of Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after purchasing an additional 919,835 shares during the last quarter. Patient Capital Management LLC purchased a new position in Crocs during the 4th quarter worth approximately $39,420,000. Goldman Sachs Group Inc. increased its position in Crocs by 46.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock worth $71,952,000 after buying an additional 245,240 shares during the period. National Bank of Canada FI lifted its stake in Crocs by 8,437.1% in the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock valued at $26,993,000 after buying an additional 180,555 shares during the last quarter. Finally, Rheos Capital Works Inc. acquired a new stake in shares of Crocs in the first quarter valued at approximately $22,720,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.