Crocs (NASDAQ:CROX) PT Raised to $124.00

Crocs (NASDAQ:CROXGet Rating) had its target price lifted by stock analysts at UBS Group from $107.00 to $124.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price points to a potential downside of 1.45% from the stock’s previous close.

Several other research firms also recently commented on CROX. BNP Paribas assumed coverage on shares of Crocs in a research report on Wednesday, September 21st. They issued a “neutral” rating for the company. Exane BNP Paribas assumed coverage on shares of Crocs in a research report on Wednesday, September 21st. They set a “neutral” rating for the company. StockNews.com upgraded shares of Crocs from a “sell” rating to a “hold” rating in a research report on Wednesday. Piper Sandler upped their price target on shares of Crocs from $118.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Robert W. Baird upped their price target on shares of Crocs from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.43.

Crocs Stock Down 1.0 %

Shares of NASDAQ:CROX opened at $125.82 on Thursday. The company has a market capitalization of $7.77 billion, a PE ratio of 13.89, a P/E/G ratio of 0.70 and a beta of 1.89. The company has a current ratio of 1.97, a quick ratio of 1.07 and a debt-to-equity ratio of 4.12. Crocs has a twelve month low of $46.08 and a twelve month high of $127.66. The firm has a 50 day simple moving average of $100.38 and a 200-day simple moving average of $80.77.

Crocs (NASDAQ:CROXGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The textile maker reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.39. Crocs had a net margin of 17.43% and a return on equity of 172.58%. The business had revenue of $985.09 million during the quarter, compared to the consensus estimate of $941.88 million. On average, equities analysts predict that Crocs will post 10.28 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, CFO Anne Mehlman sold 10,000 shares of the company’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $125.67, for a total value of $1,256,700.00. Following the transaction, the chief financial officer now directly owns 102,185 shares in the company, valued at approximately $12,841,588.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Crocs news, CFO Anne Mehlman sold 10,000 shares of the company’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $125.67, for a total value of $1,256,700.00. Following the transaction, the chief financial officer now directly owns 102,185 shares in the company, valued at approximately $12,841,588.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Michelle Poole sold 9,492 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $99.83, for a total transaction of $947,586.36. Following the completion of the transaction, the president now owns 145,157 shares in the company, valued at $14,491,023.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,939 shares of company stock worth $8,320,050. Corporate insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Crocs by 23.3% during the 2nd quarter. FMR LLC now owns 8,247,229 shares of the textile maker’s stock worth $401,393,000 after acquiring an additional 1,558,482 shares during the period. BlackRock Inc. lifted its holdings in shares of Crocs by 3.9% during the 1st quarter. BlackRock Inc. now owns 6,646,713 shares of the textile maker’s stock worth $507,811,000 after acquiring an additional 247,828 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Crocs by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,836,304 shares of the textile maker’s stock worth $445,893,000 after acquiring an additional 226,669 shares during the period. State Street Corp lifted its holdings in shares of Crocs by 2.1% during the 3rd quarter. State Street Corp now owns 1,947,045 shares of the textile maker’s stock worth $133,684,000 after acquiring an additional 40,052 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Crocs by 295.6% during the 3rd quarter. Marshall Wace LLP now owns 1,717,628 shares of the textile maker’s stock worth $117,936,000 after acquiring an additional 1,283,455 shares during the period. 84.95% of the stock is currently owned by hedge funds and other institutional investors.

About Crocs

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Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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