Crocs, Inc. (NASDAQ:CROX) Receives Consensus Rating of “Moderate Buy” from Analysts

Crocs, Inc. (NASDAQ:CROX) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $160.82.

CROX has been the subject of several research reports. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Crocs in a report on Monday, July 29th. UBS Group cut their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Raymond James lowered shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target on the stock. in a research note on Friday, August 2nd. Piper Sandler restated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Finally, KeyCorp upped their target price on Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th.

Crocs Price Performance

NASDAQ:CROX opened at $137.99 on Friday. The stock has a market capitalization of $8.38 billion, a PE ratio of 10.68, a P/E/G ratio of 1.44 and a beta of 1.99. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32. The firm has a fifty day simple moving average of $136.07 and a 200 day simple moving average of $138.83. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $3.59 earnings per share. Crocs’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that Crocs will post 12.85 EPS for the current fiscal year.

Insider Activity

In related news, Director John B. Replogle bought 1,996 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Replogle purchased 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the purchase, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Large investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new stake in Crocs in the first quarter valued at $25,000. GHP Investment Advisors Inc. raised its position in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after acquiring an additional 180 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Crocs in the fourth quarter worth approximately $53,000. Blue Trust Inc. boosted its holdings in Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after acquiring an additional 162 shares during the last quarter. Finally, Gryphon Financial Partners LLC bought a new position in Crocs during the 4th quarter worth approximately $150,000. 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.