UBS Group Issues Positive Forecast for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price target raised by UBS Group from $122.00 to $132.00 in a research report sent to investors on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the textile maker’s stock.

Several other research firms have also commented on CROX. Robert W. Baird lowered their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Barclays lowered their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Trading Down 1.2 %

Shares of Crocs stock opened at $107.60 on Wednesday. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market cap of $6.03 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93. The company has a 50-day moving average of $105.39 and a two-hundred day moving average of $118.75.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, research analysts anticipate that Crocs will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crocs

Hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. raised its stake 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 valued at $33,000 after acquiring an additional 224 shares during the period. Avior Wealth Management LLC raised its stake in shares of Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares during the period. UMB Bank n.a. raised its stake in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the period. Allianz SE purchased a new position in shares of Crocs in the 4th quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Crocs in the 3rd quarter valued at $73,000. Hedge funds and other institutional investors 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.