Crocs (NASDAQ: CROX) recently received a number of ratings updates from brokerages and research firms:
- 4/16/2024 – Crocs had its “hold” rating reaffirmed by analysts at Williams Trading. They now have a $125.00 price target on the stock, down previously from $135.00.
- 4/11/2024 – Crocs was upgraded by analysts at OTR Global from a “mixed” rating to a “positive” rating.
- 4/10/2024 – Crocs had its price target raised by analysts at B. Riley from $95.00 to $122.00. They now have a “neutral” rating on the stock.
- 4/1/2024 – Crocs is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $167.00 price target on the stock.
- 3/21/2024 – Crocs had its price target raised by analysts at KeyCorp from $130.00 to $149.00. They now have an “overweight” rating on the stock.
- 3/20/2024 – Crocs had its price target raised by analysts at Bank of America Co. from $140.00 to $150.00. They now have a “buy” rating on the stock.
Crocs Price Performance
NASDAQ:CROX traded down $0.54 during trading hours on Friday, hitting $120.54. 809,774 shares of the stock were exchanged, compared to its average volume of 1,430,244. The company has a market cap of $7.29 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.50 and a beta of 2.01. The firm’s fifty day moving average price is $126.84 and its 200 day moving average price is $105.84. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $151.32. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13.
Crocs (NASDAQ:CROX – Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 EPS. As a group, equities research analysts anticipate that Crocs, Inc. will post 12.46 EPS for the current fiscal year.
Insider Buying and Selling at Crocs
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Raymond James & Associates boosted its position in shares of Crocs by 235.8% during the fourth quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock worth $5,466,000 after buying an additional 41,091 shares during the period. BW Gestao de Investimentos Ltda. purchased a new position in Crocs during the 3rd quarter valued at about $17,646,000. Tealwood Asset Management Inc. acquired a new stake in shares of Crocs during the fourth quarter worth about $865,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Crocs by 27.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,609 shares of the textile maker’s stock valued at $3,407,000 after purchasing an additional 8,297 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new stake in Crocs during the 3rd quarter worth approximately $575,000. Institutional investors and hedge funds own 93.44% of the company’s stock.
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.
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