Crocs, Inc. (NASDAQ:CROX) Analysts Provide Price Target and Recommendations

Shares of Crocs, Inc. (NASDAQ:CROX) have received a favorable assessment from analysts, with an average recommendation of “Moderate Buy” according to MarketBeat. Sixteen ratings firms are currently covering the company, of which four analysts have given a hold rating and twelve have issued buy ratings. The average target price set by these brokerages is $143.53 for the next twelve months.

Recently, Crocs has been a focus of several research reports. Monness Crespi & Hardt, for instance, revised their price target from $170.00 to $140.00 while maintaining a “buy” rating in a report dated October 30th. Guggenheim also adjusted their price target, lowering it from $155.00 to $150.00 but kept a “buy” recommendation on February 3rd. On January 23rd, KeyCorp reduced their price objective from $150.00 to $120.00 and assigned an “overweight” rating to the stock. Bank of America increased their target price from $144.00 to $153.00 in a report from February 14th, maintaining a “buy” rating. Additionally, Robert W. Baird cut their target price on February 10th from $180.00 to $150.00, giving an “outperform” rating to the company.

Crocs Stock Performance

On Monday, CROX opened at $104.93. The stock's performance has shown a twelve-month low of $88.25 and a high of $165.32. The company has a market cap of $5.88 billion, a lower debt-to-equity ratio of 0.74, and a quick ratio of 0.70, indicating a stable financial position. The moving averages are at $105.13 for 50 days and $118.17 for 200 days. The price-to-earnings ratio stands at 6.56, with a price-to-earnings-growth ratio of 1.80 and a beta of 1.93.

In its latest earnings report issued on February 13th, Crocs recorded earnings per share of $2.52, surpassing the analysts’ consensus estimate of $2.27 by $0.25. The company also reported a net margin of 23.16% and a return on equity of 46.27%. Analysts predict Crocs will achieve an EPS of 13.2 for the current year.

Insider Transactions

In related news, there have been some notable insider activities recently. EVP Adam Michaels sold 15,000 shares on February 18th, realizing around $1.6 million from the sale at an average price of $106.69 per share. After this transaction, he now holds 89,323 shares valued at approximately $9.53 million, a decrease of 14.38% from his prior ownership. Similarly, EVP Shannon Sisler sold 4,659 shares on February 21st for about $511,325.25 at an average price of $109.75 per share, currently holding 29,299 shares worth approximately $3.22 million, marking a 13.72% decrease in ownership. Insider ownership collectively accounts for 2.72% of the shares.

Institutional Investors' Moves

Institutional investors have recently modified their positions in Crocs. Financial Management Professionals Inc. notably boosted its holdings by a staggering 11,200.0% during the third quarter and now owns 226 shares worth $33,000. UMB Bank n.a. increased their stake by 46.6% in the fourth quarter, holding a total of 447 shares valued at $49,000 after acquiring additional shares. Allianz SE and Ameriflex Group Inc. also entered new positions, valuing $53,000 and $54,000 respectively. Avior Wealth Management LLC raised its stake by 109.5%, now owning 398 shares worth $58,000. Currently, institutional investors hold approximately 93.44% of Crocs' stock.

Crocs Company Overview

Crocs, Inc. is engaged in the design, development, manufacturing, marketing, distribution, and sale of casual lifestyle footwear and accessories, servicing men, women, and children globally under brands including Crocs and HEYDUDE. Their product range encompasses various footwear styles like clogs, sandals, slides, and more.

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