Crocs (NASDAQ:CROX) Cut to Hold at Loop Capital

Loop Capital lowered shares of Crocs (NASDAQ:CROX) from a buy rating to a hold rating in a report released on Thursday morning, Marketbeat Ratings reports. Loop Capital currently has $110.00 target price on the textile maker’s stock, down from their prior target price of $150.00.

A number of other research analysts also recently weighed in on CROX. Robert W. Baird decreased their price objective 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. Piper Sandler restated an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus price target of $151.14.

Crocs Stock Performance

NASDAQ CROX traded down $0.82 on Thursday, hitting $101.04. 1,356,349 shares of the company’s stock traded hands, compared to its average volume of 1,341,750. The firm has a market capitalization of $5.89 billion, a PE ratio of 7.39, a P/E/G ratio of 1.07 and a beta of 2.01. Crocs has a 1-year low of $77.16 and a 1-year high of $165.32. The firm’s 50-day moving average price is $132.49 and its two-hundred day moving average price is $137.66. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $3.25 earnings per share. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts expect that Crocs will post 12.93 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crocs

Hedge funds and other institutional investors have recently bought and sold shares of the business. GHP Investment Advisors Inc. raised its stake in shares of 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 purchasing an additional 180 shares in the last quarter. Financial Management Professionals Inc. grew its position in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Crocs by 64.9% in the 3rd 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 raised its position in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Crocs by 109.5% during 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 hedge funds and other 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.