Crocs (NASDAQ:CROX) Stock Rating Reaffirmed by Wedbush

Wedbush reiterated their outperform rating on shares of Crocs (NASDAQ:CROX) in a research report report published on Friday, Benzinga reports. Wedbush currently has a $154.00 target price on the textile maker’s stock.

Several other brokerages have also weighed in on CROX. UBS Group raised their target price on Crocs from $117.00 to $124.00 and gave the stock a neutral rating in a research report on Tuesday, April 23rd. Raymond James boosted their price objective on shares of Crocs from $120.00 to $145.00 and gave the stock a strong-buy rating in a research report on Friday, February 16th. OTR Global raised shares of Crocs from a mixed rating to a positive rating in a research report on Thursday, April 11th. Bank of America lifted their price target on shares of Crocs from $140.00 to $150.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Finally, B. Riley upped their price objective on shares of Crocs from $95.00 to $122.00 and gave the company a neutral rating in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $144.64.

Crocs Trading Down 1.9 %

NASDAQ CROX opened at $124.28 on Friday. Crocs has a 52 week low of $74.00 and a 52 week high of $146.79. The firm has a 50 day moving average of $129.12 and a two-hundred day moving average of $109.00. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $7.54 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.57 and a beta of 2.03.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The firm had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. During the same quarter in the previous year, the firm posted $2.65 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Crocs will post 12.44 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the transaction, the president now owns 64,912 shares in the company, valued at approximately $7,734,264.80. The sale 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 the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John B. Replogle acquired 1,972 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares in the company, valued at $399,642.75. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 39,867 shares of company stock worth $4,786,276. Company insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CROX. GSA Capital Partners LLP raised its holdings in Crocs by 9.7% during the first quarter. GSA Capital Partners LLP now owns 4,368 shares of the textile maker’s stock worth $628,000 after purchasing an additional 385 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Crocs by 1,924.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 83,850 shares of the textile maker’s stock worth $12,058,000 after purchasing an additional 79,708 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Crocs during the first quarter worth about $208,000. FORA Capital LLC purchased a new position in Crocs during the first quarter worth about $221,000. Finally, Wright Investors Service Inc. purchased a new position in Crocs during the first quarter worth about $549,000. 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.