Crocs (NASDAQ:CROX) Price Target Increased to $190.00 by Analysts at Loop Capital

Crocs (NASDAQ:CROX) had its price target upped by Loop Capital from $180.00 to $190.00 in a research report sent to investors on Tuesday morning, The Fly reports.

Several other brokerages have also weighed in on CROX. Robert W. Baird increased their target price on Crocs from $215.00 to $250.00 and gave the stock an outperform rating in a research report on Thursday, October 21st. UBS Group increased their target price on Crocs from $157.00 to $175.00 and gave the stock a neutral rating in a research report on Monday, October 25th. Monness Crespi & Hardt increased their target price on Crocs from $160.00 to $180.00 and gave the stock a buy rating in a research report on Wednesday, September 15th. Stifel Nicolaus reissued a hold rating and set a $157.00 price target (up from $151.00) on shares of Crocs in a report on Friday, October 22nd. They noted that the move was a valuation call. Finally, B. Riley raised their price target on Crocs from $152.00 to $174.00 and gave the company a buy rating in a report on Wednesday, September 15th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $182.56.

Shares of CROX opened at $122.54 on Tuesday. The business’s fifty day moving average price is $151.60 and its 200 day moving average price is $143.79. Crocs has a 12-month low of $65.37 and a 12-month high of $183.88. The stock has a market capitalization of $7.21 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.84 and a beta of 1.71. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.63 and a quick ratio of 2.02.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Wednesday, October 20th. The textile maker reported $2.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.59. Crocs had a return on equity of 142.28% and a net margin of 35.27%. The firm had revenue of $625.92 million for the quarter, compared to analysts’ expectations of $609.75 million. During the same period last year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 73.0% on a year-over-year basis. As a group, research analysts anticipate that Crocs will post 7.73 earnings per share for the current fiscal year.

In related news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $180.19, for a total transaction of $1,801,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ian Bickley sold 3,000 shares of Crocs stock in a transaction dated Thursday, November 4th. The stock was sold at an average price of $177.13, for a total value of $531,390.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,000 shares of company stock worth $3,171,340. 2.42% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. purchased a new stake in shares of Crocs during the 3rd quarter worth about $38,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Crocs during the 3rd quarter worth approximately $41,000. Exchange Traded Concepts LLC grew its holdings in shares of Crocs by 37.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 496 shares of the textile maker’s stock worth $71,000 after purchasing an additional 136 shares in the last quarter. Fifth Third Bancorp boosted its stake in Crocs by 74.6% in the 3rd quarter. Fifth Third Bancorp now owns 536 shares of the textile maker’s stock valued at $77,000 after buying an additional 229 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Crocs by 268.3% in the 3rd quarter. Signaturefd LLC now owns 674 shares of the textile maker’s stock valued at $97,000 after buying an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

About Crocs

Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale and distribution of casual footwear, apparel, and accessories for men, women, and children. It operates through the following segments: Americas, Asia Pacific and Europe, Middle East & Africa (EMEA). The Americas segment consists of the revenues and expenses related to product sales in North and South America.

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