Crocs, Inc. (NASDAQ:CROX) Receives $146.80 Average Price Target from Analysts

Crocs, Inc. (NASDAQ:CROXGet Free Report) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $146.47.

A number of research firms have recently commented on CROX. Barclays dropped their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday. Needham & Company LLC began coverage on shares of Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective on the stock. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, Loop Capital cut Crocs from a “buy” rating to a “hold” rating and decreased their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th.

Get Our Latest Stock Analysis on Crocs

Insider Buying and Selling at Crocs

In related news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. boosted its position in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares in the last quarter. UMB Bank n.a. increased its stake in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC increased its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after acquiring an additional 208 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Crocs during the third quarter worth $73,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

CROX opened at $96.74 on Thursday. The business has a 50 day moving average of $107.82 and a 200-day moving average of $121.44. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 1.78 and a beta of 1.95. Crocs has a 12-month low of $94.50 and a 12-month high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs Company Profile

(Get Free Report

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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Analyst Recommendations for Crocs (NASDAQ:CROX)

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