Crocs (NASDAQ:CROX) Stock Price Down 2%

Crocs, Inc. (NASDAQ:CROX)’s stock price traded down 2% during mid-day trading on Friday . The company traded as low as $139.96 and last traded at $140.01. 145,327 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,329,402 shares. The stock had previously closed at $142.89.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CROX shares. Stifel Nicolaus lifted their price target on Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Monness Crespi & Hardt boosted their target price on Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Barclays lifted their price target on Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. KeyCorp lifted their price target on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, Wedbush boosted their target price on Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.83.

Crocs Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08. The company has a market cap of $8.61 billion, a PE ratio of 11.06, a P/E/G ratio of 1.56 and a beta of 2.00. The firm has a 50 day moving average of $147.53 and a two-hundred day moving average of $127.34.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.77. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.61 EPS. Research analysts predict that Crocs, Inc. will post 12.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares in the company, valued at $12,771,642.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Crocs news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the sale, the chief executive officer now owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Anne Mehlman sold 7,150 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $159.01, for a total value of $1,136,921.50. Following the transaction, the executive vice president now directly owns 143,075 shares in the company, valued at $22,750,355.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,178 shares of company stock worth $4,597,445. Corporate insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Hedge funds have recently added to or reduced their stakes in the business. Graham Capital Management L.P. purchased a new position in Crocs in the 3rd quarter valued at about $644,000. Teachers Retirement System of The State of Kentucky lifted its stake in Crocs by 27.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,609 shares of the textile maker’s stock valued at $3,407,000 after buying an additional 8,297 shares in the last quarter. Symmetry Partners LLC purchased a new position in Crocs in the 4th quarter valued at about $456,000. FCF Advisors LLC purchased a new position in Crocs in the 4th quarter valued at about $702,000. Finally, Tealwood Asset Management Inc. purchased a new position in Crocs in the 4th quarter valued at about $865,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.