Crocs (NASDAQ:CROX) Shares Gap Down to $148.25

Crocs, Inc. (NASDAQ:CROX) gapped down before the market opened on Friday . The stock had previously closed at $148.25, but opened at $144.89. Crocs shares last traded at $145.36, with a volume of 102,558 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CROX shares. Monness Crespi & Hardt lifted their price target on shares of Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Williams Trading reiterated a “hold” rating and set a $125.00 price target (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Wedbush boosted their price objective on shares of Crocs from $156.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus raised their price objective on Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average price target of $154.83.

Crocs Trading Down 1.6 %

The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. The stock has a market cap of $8.86 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.65 and a beta of 1.97. The stock’s 50-day moving average is $144.04 and its two-hundred day moving average is $124.94.

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

Insider Activity at Crocs

In other Crocs news, Director Thomas J. Smach sold 10,174 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $140.32, for a total value of $1,427,615.68. Following the transaction, the director now owns 115,339 shares of the company’s stock, valued at approximately $16,184,368.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Thomas J. Smach sold 10,174 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $140.32, for a total value of $1,427,615.68. Following the completion of the sale, the director now owns 115,339 shares in the company, valued at $16,184,368.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 1,404 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $149.96, for a total value of $210,543.84. Following the transaction, the executive vice president now owns 37,103 shares in the company, valued at $5,563,965.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,178 shares of company stock worth $4,597,445. Insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently added to or reduced their stakes in CROX. LPL Financial LLC raised its stake in Crocs by 15.2% in the third quarter. LPL Financial LLC now owns 64,185 shares of the textile maker’s stock valued at $5,663,000 after buying an additional 8,469 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Crocs by 20.5% in the 3rd quarter. Federated Hermes Inc. now owns 14,436 shares of the textile maker’s stock valued at $1,274,000 after purchasing an additional 2,453 shares during the last quarter. Trexquant Investment LP acquired a new stake in Crocs in the 3rd quarter worth approximately $1,720,000. Treasurer of the State of North Carolina boosted its stake in Crocs by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 26,720 shares of the textile maker’s stock worth $2,358,000 after purchasing an additional 140 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in Crocs during the 3rd quarter valued at approximately $5,294,000. 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.