Crocs (NASDAQ:CROX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Crocs (NASDAQ:CROX) from a hold rating to a buy rating in a research note published on Wednesday morning.

Other equities research analysts have also issued reports about the company. Barclays cut their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC started coverage on Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. KeyCorp reduced their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. UBS Group reduced their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Guggenheim reduced their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.87.

Crocs Stock Down 1.5 %

CROX opened at $108.43 on Wednesday. Crocs has a one year low of $88.25 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The stock’s fifty day moving average is $105.73 and its 200-day moving average is $119.44. The company has a market capitalization of $6.32 billion, a PE ratio of 7.86, a P/E/G ratio of 1.67 and a beta of 1.93.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 49.70% and a net margin of 20.50%. On average, equities analysts predict that Crocs will post 12.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. increased its position in Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the last quarter. V Square Quantitative Management LLC increased its position in Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the last quarter. UMB Bank n.a. increased its position in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Allianz SE acquired a new position in Crocs in the 4th quarter worth about $53,000. Finally, Avior Wealth Management LLC increased its position in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

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.