Crocs (NASDAQ:CROX) Price Target Increased to $122.00 by Analysts at B. Riley

Crocs (NASDAQ:CROX) had its price target lifted by B. Riley from $95.00 to $122.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

CROX has been the subject of several other reports. Piper Sandler upped their price target on shares of Crocs from $135.00 to $140.00 and gave the company an overweight rating in a research report on Friday, February 16th. Raymond James upped their price objective on shares of Crocs from $120.00 to $145.00 and gave the company a strong-buy rating in a research note on Friday, February 16th. Barclays assumed coverage on shares of Crocs in a research note on Monday, April 1st. They set an overweight rating and a $167.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Crocs from $132.00 to $140.00 and gave the company a buy rating in a research note on Friday, February 16th. Finally, KeyCorp upped their price objective on shares of Crocs from $130.00 to $149.00 and gave the company an overweight rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $149.30.

Crocs Stock Up 0.1 %

Shares of NASDAQ:CROX opened at $128.29 on Wednesday. The firm has a fifty day moving average of $124.02 and a 200 day moving average of $104.41. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. Crocs has a 52-week low of $74.00 and a 52-week high of $151.32. The firm has a market capitalization of $7.76 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.67 and a beta of 2.01.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The business had revenue of $960.10 million during the quarter, compared to analyst estimates of $958.39 million. During the same period in the prior year, the business posted $2.65 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that Crocs will post 12.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John B. Replogle purchased 1,972 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $126.75 per share, with a total value of $249,951.00. Following the completion of the purchase, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, Director John B. Replogle bought 1,972 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the purchase, the director now owns 3,153 shares of the company’s stock, valued at $399,642.75. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Michelle Poole sold 5,074 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $124.98, for a total transaction of $634,148.52. Following the transaction, the president now directly owns 52,966 shares of the company’s stock, valued at approximately $6,619,690.68. The disclosure for this sale can be found here. Insiders sold a total of 39,867 shares of company stock valued at $4,786,276 over the last three months. Corporate insiders own 2.69% of the company’s stock.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in shares of Crocs during the first quarter valued at approximately $25,000. Quarry LP grew its holdings in shares of Crocs by 245.8% during the second quarter. Quarry LP now owns 249 shares of the textile maker’s stock valued at $28,000 after buying an additional 177 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Crocs by 440.0% during the first quarter. Harbour Investments Inc. now owns 270 shares of the textile maker’s stock valued at $34,000 after buying an additional 220 shares during the last quarter. Byrne Asset Management LLC grew its holdings in shares of Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Crocs by 185.0% during the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after buying an additional 222 shares during 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.