Crocs, Inc. (NASDAQ:CROX) Receives $134.22 Consensus PT from Brokerages

Shares of Crocs, Inc. (NASDAQ:CROXGet Rating) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $134.22.

CROX has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of Crocs from $200.00 to $120.00 in a report on Thursday, May 12th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, May 14th. Stifel Nicolaus reduced their price objective on shares of Crocs from $101.00 to $59.00 in a research report on Friday, May 6th. Wedbush initiated coverage on shares of Crocs in a research report on Thursday, April 28th. They issued an “outperform” rating and a $90.00 price objective for the company. Finally, Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $80.00 in a research report on Monday, April 4th.

In other Crocs news, CFO Anne Mehlman acquired 2,600 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average cost of $54.91 per share, with a total value of $142,766.00. Following the acquisition, the chief financial officer now owns 121,153 shares in the company, valued at $6,652,511.23. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian Bickley acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average cost of $58.24 per share, with a total value of $291,200.00. Following the completion of the acquisition, the director now owns 46,197 shares in the company, valued at approximately $2,690,513.28. The disclosure for this purchase can be found here. Insiders have bought a total of 17,600 shares of company stock valued at $947,066 over the last three months. Insiders own 2.71% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Crocs by 3.9% in the 1st quarter. BlackRock Inc. now owns 6,646,713 shares of the textile maker’s stock worth $507,811,000 after buying an additional 247,828 shares during the period. Vanguard Group Inc. lifted its stake in Crocs by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,836,304 shares of the textile maker’s stock worth $445,893,000 after purchasing an additional 226,669 shares in the last quarter. State Street Corp lifted its stake in Crocs by 1.9% in the 1st quarter. State Street Corp now owns 1,855,715 shares of the textile maker’s stock worth $141,777,000 after purchasing an additional 34,835 shares in the last quarter. Wellington Management Group LLP lifted its stake in Crocs by 16.1% in the 1st quarter. Wellington Management Group LLP now owns 991,024 shares of the textile maker’s stock worth $75,715,000 after purchasing an additional 137,493 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Crocs by 61.6% in the 4th quarter. Victory Capital Management Inc. now owns 712,131 shares of the textile maker’s stock worth $91,310,000 after purchasing an additional 271,397 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

CROX opened at $48.53 on Friday. The company has a debt-to-equity ratio of 8.17, a current ratio of 1.96 and a quick ratio of 1.19. Crocs has a fifty-two week low of $46.92 and a fifty-two week high of $183.88. The firm has a market capitalization of $2.99 billion, a PE ratio of 4.37, a P/E/G ratio of 0.34 and a beta of 1.86. The company’s 50-day moving average is $57.25 and its 200 day moving average is $83.86.

Crocs (NASDAQ:CROXGet Rating) last posted its earnings results on Thursday, May 5th. The textile maker reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.49. Crocs had a net margin of 27.85% and a return on equity of 206.72%. The company had revenue of $660.15 million for the quarter, compared to analyst estimates of $621.81 million. During the same quarter in the prior year, the business posted $1.49 EPS. The firm’s revenue was up 43.5% compared to the same quarter last year. As a group, analysts expect that Crocs will post 10.56 EPS for the current year.

About Crocs (Get Rating)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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