By otakuyassine3@gmail.com 
Crocs (NASDAQ:CROX – Get Free Report) had its target price cut by equities researchers at Piper Sandler from $125.00 to $115.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Piper Sandler’s target price suggests a potential upside of 24.24% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Barclays dropped their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. UBS Group raised their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Guggenheim reduced 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. Robert W. Baird dropped their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Loop Capital upped their price objective on Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Three equities research 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 stock has an average rating of “Moderate Buy” and a consensus price target of $140.00.
Get Our Latest Stock Report on CROX
Crocs Price Performance
Shares of CROX stock opened at $92.56 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs has a 12-month low of $86.11 and a 12-month high of $165.32. The firm has a fifty day moving average of $101.91 and a 200-day moving average of $109.90. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.
Crocs (NASDAQ:CROX – Get Free Report) last posted 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 return on equity of 46.27% and a net margin of 23.16%. On average, equities research analysts forecast that Crocs will post 13.2 earnings per share for the current year.
Insider Activity
In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Crocs
A number of large investors have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC increased its holdings in shares of Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock valued at $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after buying an additional 117 shares during the period. Manchester Capital Management LLC grew its stake in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock valued at $157,000 after buying an additional 129 shares during the last quarter. Parallel Advisors LLC raised its holdings in Crocs by 26.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker’s stock valued at $67,000 after acquiring an additional 132 shares during the period. Finally, ProShare Advisors LLC lifted its position in Crocs by 5.3% during the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker’s stock worth $299,000 after acquiring an additional 137 shares during the last quarter. 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.
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