Crocs, Inc. (NASDAQ:CROX – Free Report) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $158.00.
Several equities analysts recently commented on CROX shares. OTR Global upgraded shares of Crocs from a “mixed” rating to a “positive” rating in a report on Monday, April 17th. 500.com restated a “maintains” rating on shares of Crocs in a research note on Friday, April 28th. Raymond James began coverage on shares of Crocs in a research note on Tuesday, June 13th. They issued a “market perform” rating on the stock. Stifel Nicolaus upped their target price on shares of Crocs from $133.00 to $150.00 and gave the stock a “hold” rating in a research note on Friday, April 21st. Finally, StockNews.com began coverage on shares of Crocs in a research note on Thursday, May 18th. They issued a “hold” rating on the stock.
Crocs Stock Performance
Crocs stock opened at $117.06 on Wednesday. The company’s 50-day moving average price is $113.49 and its 200-day moving average price is $118.64. Crocs has a twelve month low of $47.88 and a twelve month high of $151.32. The company has a quick ratio of 1.01, a current ratio of 1.76 and a debt-to-equity ratio of 2.32. The company has a market cap of $7.26 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.65 and a beta of 1.90.
Crocs (NASDAQ:CROX – Free Report) last issued its quarterly earnings results on Thursday, April 27th. The textile maker reported $2.61 EPS for the quarter, beating the consensus estimate of $2.15 by $0.46. The company had revenue of $884.20 million for the quarter, compared to the consensus estimate of $857.76 million. Crocs had a net margin of 16.33% and a return on equity of 98.41%. The firm’s revenue was up 33.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. On average, equities research analysts forecast that Crocs will post 11.53 EPS for the current fiscal year.
Insider Transactions at Crocs
In other news, CEO Andrew Rees sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $150.05, for a total value of $1,500,500.00. Following the completion of the sale, the chief executive officer now owns 89,748 shares of the company’s stock, valued at approximately $13,466,687.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $150.05, for a total transaction of $1,500,500.00. Following the completion of the sale, the chief executive officer now owns 89,748 shares of the company’s stock, valued at $13,466,687.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michelle Poole sold 8,832 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $111.00, for a total transaction of $980,352.00. Following the sale, the president now directly owns 110,209 shares of the company’s stock, valued at approximately $12,233,199. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,121 shares of company stock valued at $4,856,483. Company insiders own 2.71% of the company’s stock.
Institutional Investors Weigh In On Crocs
A number of hedge funds and other institutional investors have recently bought and sold shares of CROX. JPMorgan Chase & Co. lifted its position in Crocs by 0.6% during the first quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker’s stock valued at $12,269,000 after acquiring an additional 972 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Crocs by 91.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker’s stock worth $1,948,000 after buying an additional 12,173 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Crocs by 156.1% in the first quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker’s stock worth $1,623,000 after buying an additional 12,941 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Crocs by 9.7% in the first quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker’s stock worth $549,000 after buying an additional 634 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Crocs by 2.7% in the first quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker’s stock worth $12,306,000 after buying an additional 4,287 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.
Crocs Company Profile
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, shoe charms, and slippers under the Crocs brand name.