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

Shares of Crocs, Inc. (NASDAQ:CROX) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $151.75.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. UBS Group raised their target price on shares of Crocs from $124.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Williams Trading reaffirmed a “hold” rating and set a $125.00 target price (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Bank of America increased their price objective on Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th.

Insiders Place Their Bets

In related news, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction on Friday, May 10th. The shares were sold at an average price of $140.32, for a total value of $1,427,615.68. Following the transaction, the director now directly owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Michelle Poole sold 5,074 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $124.98, for a total value of $634,148.52. Following the completion of the sale, the president now owns 52,966 shares of the company’s stock, valued at $6,619,690.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction on Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the sale, the director now owns 115,339 shares in the company, valued at approximately $16,184,368.48. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Large investors have recently modified their holdings of the stock. Raymond James & Associates grew its stake in shares of Crocs by 235.8% in the 4th quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock worth $5,466,000 after buying an additional 41,091 shares during the last quarter. Tealwood Asset Management Inc. bought a new position in shares of Crocs during the fourth quarter valued at $865,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Crocs by 27.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,609 shares of the textile maker’s stock valued at $3,407,000 after buying an additional 8,297 shares during the last quarter. BNP Paribas Financial Markets raised its position in Crocs by 242.1% in the 4th quarter. BNP Paribas Financial Markets now owns 56,494 shares of the textile maker’s stock worth $5,277,000 after buying an additional 39,979 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in Crocs by 17.2% during the fourth quarter. Clearbridge Investments LLC now owns 618,400 shares of the textile maker’s stock valued at $57,765,000 after purchasing an additional 90,956 shares during the period. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $148.92 on Friday. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.60 and a beta of 2.03. The firm’s 50-day moving average is $134.15 and its 200-day moving average is $114.58. Crocs has a 52-week low of $74.00 and a 52-week high of $150.71. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The firm had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. During the same period in the previous year, the business earned $2.61 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Crocs will post 12.66 earnings per share for the current year.

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.