Shares of Crocs, Inc. (NASDAQ:CROX) have earned an average rating of “Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $78.70.
A number of research firms have recently commented on CROX. OTR Global began coverage on Crocs in a report on Thursday, January 7th. They issued a “positive” rating on the stock. Monness Crespi & Hardt upped their target price on shares of Crocs from $60.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, January 13th. B. Riley reissued a “buy” rating and set a $93.00 target price (up from $87.00) on shares of Crocs in a research note on Wednesday, February 24th. UBS Group lifted their price objective on Crocs from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 17th. They noted that the move was a valuation call. Finally, Piper Sandler increased their price target on Crocs from $71.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 12th.
In related news, CFO Anne Mehlman sold 11,016 shares of the stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $82.21, for a total value of $905,625.36. Following the completion of the transaction, the chief financial officer now owns 131,179 shares in the company, valued at approximately $10,784,225.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Rees sold 40,000 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $80.35, for a total transaction of $3,214,000.00. Following the sale, the chief executive officer now owns 937,307 shares in the company, valued at $75,312,617.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,916 shares of company stock valued at $7,459,015. Insiders own 2.32% of the company’s stock.
Several institutional investors have recently bought and sold shares of CROX. Nisa Investment Advisors LLC lifted its position in Crocs by 14.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,710 shares of the textile maker’s stock worth $170,000 after purchasing an additional 350 shares during the period. California State Teachers Retirement System boosted its stake in Crocs by 0.4% during the third quarter. California State Teachers Retirement System now owns 101,079 shares of the textile maker’s stock valued at $4,319,000 after buying an additional 404 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Crocs by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 63,004 shares of the textile maker’s stock valued at $2,642,000 after buying an additional 425 shares in the last quarter. Tsfg LLC acquired a new position in Crocs during the fourth quarter worth about $31,000. Finally, Vantage Consulting Group Inc bought a new stake in Crocs in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
CROX traded down $0.60 during trading hours on Thursday, reaching $81.13. The company’s stock had a trading volume of 23,936 shares, compared to its average volume of 1,080,032. The business’s 50-day moving average is $78.95 and its 200-day moving average is $65.52. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.70 and a quick ratio of 1.07. The stock has a market cap of $5.31 billion, a PE ratio of 36.65, a P/E/G ratio of 1.35 and a beta of 1.77. Crocs has a fifty-two week low of $18.11 and a fifty-two week high of $86.40.
Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Monday, February 22nd. The textile maker reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.27. Crocs had a net margin of 12.08% and a return on equity of 102.93%. The firm had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $408.71 million. During the same quarter last year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. Analysts expect that Crocs will post 2.93 EPS for the current year.
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including sandals, wedges, flips, slides clogs, charms, and shoes under the Crocs brand name.
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