Williams Trading Reaffirms “Hold” Rating for Crocs (NASDAQ:CROX)

Crocs (NASDAQ:CROX)‘s stock had its “hold” rating reissued by analysts at Williams Trading in a research report issued on Tuesday, Benzinga reports. They presently have a $125.00 target price on the textile maker’s stock, down from their prior target price of $135.00. Williams Trading’s price objective suggests a potential upside of 3.82% from the company’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus raised their price target on Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. B. Riley raised their price objective on Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Piper Sandler raised their price objective on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Raymond James raised their price objective on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Finally, Bank of America raised their price objective on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.09.

Crocs Trading Down 2.4 %

Shares of NASDAQ:CROX traded down $2.96 during midday trading on Tuesday, hitting $120.40. The company had a trading volume of 1,110,049 shares, compared to its average volume of 1,446,982. Crocs has a 12 month low of $74.00 and a 12 month high of $151.32. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.58 and a beta of 2.01. The firm has a fifty day simple moving average of $125.68 and a 200 day simple moving average of $105.41.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. During the same period last year, the company earned $2.65 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Crocs will post 12.46 EPS for the current year.

Insider Activity at Crocs

In related news, Director John B. Replogle bought 1,972 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares in the company, valued at $399,642.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now owns 64,912 shares in the company, valued at $7,734,264.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle purchased 1,972 shares of Crocs stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the acquisition, the director now directly owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Crocs

A number of hedge funds and other institutional investors have recently bought and sold shares of CROX. WIT Partners Advisory Pte. Ltd. bought a new position in Crocs during the fourth quarter worth about $266,431,000. Coatue Management LLC boosted its holdings in shares of Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after acquiring an additional 919,835 shares during the period. Norges Bank bought a new stake in shares of Crocs during the fourth quarter worth approximately $72,211,000. Morgan Stanley boosted its holdings in shares of Crocs by 97.9% during the fourth quarter. Morgan Stanley now owns 1,300,768 shares of the textile maker’s stock worth $141,042,000 after acquiring an additional 643,578 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Crocs by 278.9% during the first quarter. Two Sigma Advisers LP now owns 849,600 shares of the textile maker’s stock worth $107,423,000 after acquiring an additional 625,400 shares during the period. Institutional investors own 93.44% of the company’s stock.

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.