Crocs’ (CROX) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Crocs (NASDAQ:CROX) in a report released on Friday morning, Benzinga reports. Wedbush currently has a $154.00 price objective on the textile maker’s stock.

Other analysts also recently issued research reports about the stock. B. Riley increased their target price on shares of Crocs from $95.00 to $122.00 and gave the stock a neutral rating in a research report on Wednesday, April 10th. OTR Global upgraded shares of Crocs from a mixed rating to a positive rating in a report on Thursday, April 11th. Barclays began coverage on Crocs in a report on Monday, April 1st. They issued an overweight rating and a $167.00 price target for the company. Raymond James boosted their price objective on Crocs from $120.00 to $145.00 and gave the stock a strong-buy rating in a research note on Friday, February 16th. Finally, UBS Group increased their target price on Crocs from $117.00 to $124.00 and gave the company a neutral rating in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $144.64.

Crocs Trading Down 1.9 %

Shares of NASDAQ CROX traded down $2.42 during midday trading on Friday, reaching $124.28. 1,423,386 shares of the stock were exchanged, compared to its average volume of 970,587. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $7.54 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.60 and a beta of 2.03. The stock has a 50 day moving average price of $129.12 and a 200-day moving average price of $108.85. Crocs has a 52-week low of $74.00 and a 52-week high of $146.79.

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

Insider Buying and Selling

In other Crocs news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the transaction, the director now directly owns 31,815 shares in the company, valued at $3,819,390.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John B. Replogle acquired 1,972 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the transaction, the director now directly owns 3,153 shares in the company, valued at approximately $399,642.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian Bickley sold 16,785 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the completion of the transaction, the director now owns 31,815 shares of the company’s stock, valued at approximately $3,819,390.75. The disclosure for this sale can be found here. Insiders have sold a total of 39,867 shares of company stock worth $4,786,276 over the last quarter. 2.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crocs

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Crocs in the 1st quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in shares of Crocs during the first quarter valued at $25,000. Byrne Asset Management LLC raised its stake 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 purchasing an additional 120 shares in the last quarter. Blue Trust Inc. lifted its holdings in Crocs by 185.0% in the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after purchasing an additional 222 shares during the period. Finally, Quest Partners LLC bought a new position in Crocs in the 4th quarter valued at about $53,000. 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.