Barclays Lowers Crocs (NASDAQ:CROX) Price Target to $119.00

Crocs (NASDAQ:CROX) had its price target cut by investment analysts at Barclays from $122.00 to $119.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s target price would indicate a potential upside of 8.41% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. UBS Group increased their price objective on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Piper Sandler reduced their target price on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $139.79.

Crocs Stock Down 0.8 %

NASDAQ CROX opened at $109.77 on Friday. Crocs has a twelve month low of $86.11 and a twelve month high of $165.32. The stock has a market cap of $6.15 billion, a PE ratio of 6.86, a PEG ratio of 1.80 and a beta of 1.46. The firm has a 50-day simple moving average of $99.83 and a 200 day simple moving average of $104.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same period in the prior year, the company posted $3.02 earnings per share. Crocs’s revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Crocs will post 13.2 EPS for the current year.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CROX. Vanguard Group Inc. raised its holdings in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after purchasing an additional 47,576 shares during the period. Pacer Advisors Inc. raised its stake in Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after acquiring an additional 1,244,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock valued at $143,309,000 after acquiring an additional 429,994 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Crocs by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock worth $116,644,000 after acquiring an additional 15,037 shares in the last quarter. Institutional investors 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.