Crocs (NASDAQ:CROX) Price Target Lowered to $150.00 at Guggenheim

Crocs (NASDAQ:CROX) had its target price reduced by Guggenheim from $155.00 to $150.00 in a report issued on Monday morning,Benzinga reports. Guggenheim currently has a buy rating on the textile maker’s stock.

CROX has been the subject of several other reports. Needham & Company LLC started coverage on shares of Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective for the company. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Robert W. Baird cut their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. KeyCorp decreased their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, UBS Group cut their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.47.

Crocs Stock Performance

Shares of CROX stock opened at $96.74 on Monday. The stock has a 50 day moving average price of $107.82 and a two-hundred day moving average price of $121.44. Crocs has a fifty-two week low of $94.50 and a fifty-two week high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The company has a market capitalization of $5.64 billion, a P/E ratio of 7.02, a PEG ratio of 1.78 and a beta of 1.95.

Insider Activity at Crocs

In related news, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Several large investors have recently modified their holdings of CROX. Financial Management Professionals Inc. increased its stake in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares in the last quarter. UMB Bank n.a. increased its position in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC lifted 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 acquiring an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Crocs during the 3rd quarter valued at $73,000. Hedge funds and other 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.