Crocs (NASDAQ:CROX) Upgraded at StockNews.com

StockNews.com upgraded shares of Crocs (NASDAQ:CROXFree Report) from a hold rating to a buy rating in a report issued on Friday morning.

A number of other analysts have also issued reports on CROX. Guggenheim reissued a “buy” rating and issued a $155.00 target price on shares of Crocs in a research report on Friday, December 6th. Barclays cut their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. KeyCorp cut their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and cut their price objective for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Finally, Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.80.

Check Out Our Latest Analysis on Crocs

Crocs Stock Up 0.7 %

CROX stock opened at $110.80 on Friday. The firm has a market cap of $6.46 billion, a PE ratio of 8.03, a PEG ratio of 1.14 and a beta of 1.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm’s 50 day moving average price is $107.82 and its 200-day moving average price is $127.34. Crocs has a one year low of $85.71 and a one year high of $165.32.

Crocs (NASDAQ:CROXGet Free Report) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.25 earnings per share. On average, equities research analysts anticipate that Crocs will post 12.93 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Susan L. Healy bought 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after buying an additional 406,287 shares during the last quarter. State Street Corp raised its holdings in Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after purchasing an additional 13,467 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Crocs by 33.8% during the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after purchasing an additional 368,557 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Crocs by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after purchasing an additional 11,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after purchasing an additional 89,610 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Crocs

(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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