Shares of Crocs, Inc. (NASDAQ:CROX) have received a consensus rating of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $43.80.
Several brokerages have recently commented on CROX. Robert W. Baird increased their price target on shares of Crocs from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday. TheStreet upgraded shares of Crocs from a “c” rating to a “b-” rating in a research note on Friday, July 31st. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and raised their price target for the company from $22.00 to $40.00 in a research note on Tuesday, June 30th. Susquehanna Bancshares restated a “buy” rating and issued a $53.00 price target on shares of Crocs in a research note on Thursday, July 30th. Finally, CL King cut shares of Crocs from a “buy” rating to a “neutral” rating in a report on Friday, July 17th. They noted that the move was a valuation call.
Shares of CROX opened at $42.63 on Friday. The stock has a fifty day moving average of $39.05 and a two-hundred day moving average of $29.55. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.49 and a current ratio of 2.12. The company has a market capitalization of $2.97 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.43 and a beta of 1.82. Crocs has a fifty-two week low of $8.40 and a fifty-two week high of $44.56.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.87. Crocs had a net margin of 10.37% and a return on equity of 106.21%. The firm had revenue of $331.55 million during the quarter, compared to analysts’ expectations of $241.20 million. During the same period in the prior year, the company earned $0.55 EPS. The firm’s revenue was down 7.6% on a year-over-year basis. As a group, equities research analysts forecast that Crocs will post 2.06 earnings per share for the current fiscal year.
In related news, Director Thomas J. Smach sold 10,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00. Following the completion of the transaction, the director now owns 177,336 shares in the company, valued at $6,738,768. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.32% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Crocs by 660.0% during the second quarter. Nisa Investment Advisors LLC now owns 760 shares of the textile maker’s stock worth $28,000 after buying an additional 660 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Crocs by 50.9% in the 2nd quarter. Glenmede Trust Co. NA now owns 996 shares of the textile maker’s stock valued at $36,000 after buying an additional 336 shares during the last quarter. Aigen Investment Management LP bought a new position in Crocs during the 1st quarter worth approximately $43,000. Mutual of America Capital Management LLC raised its holdings in Crocs by 29.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 3,132 shares of the textile maker’s stock worth $53,000 after purchasing an additional 712 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Crocs in the 2nd quarter valued at $73,000. 96.61% of the stock is currently owned by institutional investors.
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.
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