Crocs (NASDAQ:CROX) Given New $115.00 Price Target at Piper Sandler

by · The Cerbat Gem

Crocs (NASDAQ:CROX – Get Free Report) had its target price reduced by stock analysts at Piper Sandler from $125.00 to $115.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Piper Sandler’s target price would indicate a potential upside of 20.42% from the company’s current price.

A number of other analysts have also weighed in on CROX. UBS Group increased their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Robert W. Baird cut their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays decreased their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Read Our Latest Research Report on CROX

Crocs Stock Down 4.1 %

Crocs stock opened at $95.50 on Friday. The business’s 50-day simple moving average is $102.01 and its two-hundred day simple moving average is $110.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a market cap of $5.35 billion, a PE ratio of 5.97, a PEG ratio of 1.80 and a beta of 1.62. Crocs has a fifty-two week low of $86.11 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX – Get Free Report) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities analysts anticipate that Crocs will post 13.2 EPS for the current year.

Insider Activity

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after purchasing an additional 47,576 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after acquiring an additional 1,244,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock worth $143,309,000 after acquiring an additional 429,994 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Crocs by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock worth $116,644,000 after acquiring an additional 15,037 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

About Crocs

(Get Free Report)

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.

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