Robert W. Baird Cuts Crocs (NASDAQ:CROX) Price Target to $150.00

Crocs (NASDAQ:CROX) had its price objective reduced by Robert W. Baird from $180.00 to $150.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

A number of other equities analysts have also recently commented on CROX. Barclays cut their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. UBS Group dropped their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Needham & Company LLC initiated coverage on Crocs in a research report on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $144.47.

Crocs Trading Down 2.8 %

NASDAQ:CROX opened at $90.76 on Monday. The company has a market capitalization of $5.29 billion, a PE ratio of 6.58, a P/E/G ratio of 1.67 and a beta of 1.93. Crocs has a 52-week low of $89.61 and a 52-week high of $165.32. The stock’s 50 day moving average price is $106.69 and its 200 day moving average price is $120.19. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Insider Buying and Selling

In other news, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Harbor Asset Management LLC raised its position in shares of Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after purchasing an additional 100 shares during the last quarter. Covestor Ltd increased its position in Crocs by 10.3% during the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after buying an additional 114 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Crocs by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after acquiring an additional 117 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in Crocs by 9.9% during the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds 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.