Crocs (CROX) Lifted to “Buy” at BidaskClub
Several other research firms have also commented on CROX. Pivotal Research reiterated a buy rating and set a $35.00 price target (up previously from $33.00) on shares of Crocs in a report on Tuesday, January 15th. Susquehanna Bancshares upgraded Crocs from a neutral rating to a positive rating and set a $28.80 price target on the stock in a report on Wednesday, January 2nd. TheStreet lowered Crocs from a b- rating to a c- rating in a report on Wednesday, March 20th. Monness Crespi & Hardt upgraded Crocs from a neutral rating to a buy rating and set a $32.00 price target on the stock in a report on Thursday, February 28th. Finally, ValuEngine lowered Crocs from a strong-buy rating to a buy rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $27.63.
NASDAQ CROX opened at $27.40 on Friday. Crocs has a 52 week low of $14.98 and a 52 week high of $31.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 2.06. The firm has a market cap of $2.01 billion, a PE ratio of 31.86, a P/E/G ratio of 1.85 and a beta of 0.64.
In related news, Director Thomas J. Smach sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $26.71, for a total value of $267,100.00. Following the sale, the director now directly owns 135,262 shares in the company, valued at approximately $3,612,848.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CROX. PNC Financial Services Group Inc. increased its stake in Crocs by 26.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,282 shares of the textile maker’s stock worth $85,000 after purchasing an additional 679 shares during the period. Quantamental Technologies LLC purchased a new stake in Crocs during the fourth quarter worth about $97,000. Meeder Asset Management Inc. increased its stake in Crocs by 1,399.6% during the fourth quarter. Meeder Asset Management Inc. now owns 4,094 shares of the textile maker’s stock worth $107,000 after purchasing an additional 3,821 shares during the period. LS Investment Advisors LLC increased its stake in Crocs by 121.9% during the fourth quarter. LS Investment Advisors LLC now owns 4,724 shares of the textile maker’s stock worth $123,000 after purchasing an additional 2,595 shares during the period. Finally, Bank of Montreal Can increased its stake in Crocs by 152.0% during the fourth quarter. Bank of Montreal Can now owns 5,091 shares of the textile maker’s stock worth $133,000 after purchasing an additional 3,071 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.
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, flips and slides, shoes, and boots under the Crocs brand name.
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