Crocs (NASDAQ:CROX) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Crocs (NASDAQ:CROX) from a buy rating to a hold rating in a report published on Thursday.

Several other analysts have also recently issued reports on the stock. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Monness Crespi & Hardt lowered their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays lowered their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Finally, Guggenheim lowered their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average price target of $143.53.

Crocs Trading Down 1.2 %

CROX opened at $107.60 on Thursday. The stock has a market capitalization of $6.03 billion, a PE ratio of 6.73, a P/E/G ratio of 1.80 and a beta of 1.93. The firm’s fifty day moving average price is $105.39 and its 200 day moving average price is $118.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32.

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

Insider Transactions at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. grew its position in 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 buying an additional 224 shares in the last quarter. UMB Bank n.a. grew its position in 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 buying an additional 142 shares in the last quarter. Allianz SE bought a new position in Crocs in the 4th quarter valued at about $53,000. Avior Wealth Management LLC grew its position in 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 buying an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Crocs in the 3rd quarter valued at about $73,000. Institutional investors own 93.44% of the company’s stock.

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.