Crocs (NASDAQ:CROX) Given New $120.00 Price Target at KeyCorp

Crocs (NASDAQ:CROX) had its target price reduced by KeyCorp from $150.00 to $120.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

CROX has been the subject of a number of other reports. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Guggenheim restated a “buy” rating and issued a $155.00 target price on shares of Crocs in a report on Friday, December 6th. Robert W. Baird reduced their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. UBS Group cut their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays reduced their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $146.80.

Crocs Stock Up 2.4 %

NASDAQ CROX opened at $105.06 on Thursday. The business has a fifty day moving average price of $107.56 and a 200 day moving average price of $123.41. 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 company has a market cap of $6.12 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.80 and a beta of 1.95. Crocs has a one year low of $94.50 and a one year high of $165.32.

Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.25 earnings per share. Research analysts anticipate that Crocs will post 12.93 EPS for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price 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 $2,258,404.40. This represents a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Replogle purchased 2,240 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CROX. Pacer Advisors Inc. boosted its holdings in shares of Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after buying an additional 577,467 shares in the last quarter. FMR LLC grew its holdings in shares of Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after purchasing an additional 406,287 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Crocs during the second quarter worth about $19,598,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Crocs in the 3rd quarter valued at about $17,122,000. Finally, Motley Fool Wealth Management LLC acquired a new stake in shares of Crocs in the 3rd quarter valued at about $9,097,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

About Crocs

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.