Brokerages Set Crocs, Inc. (NASDAQ:CROX) Target Price at $160.27

Crocs, Inc. (NASDAQ:CROX) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $160.27.

Several research firms have recently weighed in on CROX. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Raymond James lowered Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target on the stock. in a report on Friday, August 2nd. Monness Crespi & Hardt upped their price objective on Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. UBS Group decreased their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Finally, Bank of America upped their price target on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th.

Crocs Stock Performance

NASDAQ:CROX opened at $138.92 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. The company has a 50 day moving average price of $137.24 and a 200 day moving average price of $136.77. Crocs has a fifty-two week low of $74.00 and a fifty-two week high of $165.32. The stock has a market capitalization of $8.25 billion, a P/E ratio of 10.75, a PEG ratio of 1.56 and a beta of 2.00.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $3.59 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Crocs will post 12.84 EPS for the current year.

Insider Buying and Selling

In related news, EVP Anne Mehlman sold 7,150 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $159.01, for a total value of $1,136,921.50. Following the completion of the sale, the executive vice president now directly owns 143,075 shares in the company, valued at $22,750,355.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anne Mehlman sold 7,150 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $159.01, for a total transaction of $1,136,921.50. Following the sale, the executive vice president now directly owns 143,075 shares of the company’s stock, valued at approximately $22,750,355.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,744 shares of company stock worth $4,140,855. 2.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Crocs

A number of large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Crocs in the first quarter worth about $25,000. Rise Advisors LLC acquired a new position in shares of Crocs in the 1st quarter valued at approximately $25,000. GHP Investment Advisors Inc. boosted its stake in shares of Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Crocs during the fourth quarter worth approximately $53,000. Finally, Manchester Capital Management LLC grew its position in shares of Crocs by 1,673.5% during the fourth quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock worth $56,000 after buying an additional 569 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.