Crocs (NASDAQ:CROX) Earns Buy Rating from Analysts at Guggenheim

Guggenheim started coverage on shares of Crocs (NASDAQ:CROX) in a research note published on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $182.00 price objective on the textile maker’s stock.

Other equities analysts have also recently issued reports about the company. Piper Sandler restated an overweight rating and set a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Williams Trading upgraded shares of Crocs from a hold rating to a buy rating and upped their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Barclays cut their price target on Crocs from $169.00 to $164.00 and set an overweight rating for the company in a research note on Friday, August 2nd. Wedbush restated an outperform rating and issued a $170.00 target price on shares of Crocs in a report on Monday, July 29th. Finally, UBS Group decreased their price target on Crocs from $148.00 to $146.00 and set a neutral rating for the company in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $162.58.

Crocs Stock Performance

Crocs stock opened at $139.55 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.29 billion, a PE ratio of 10.49, a P/E/G ratio of 1.35 and a beta of 1.99. Crocs has a 12-month low of $74.00 and a 12-month high of $165.32. The business’s 50-day moving average price is $137.16 and its two-hundred day moving average price is $138.82.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $3.59 EPS. Crocs’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts expect that Crocs will post 12.88 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Crocs news, Director John B. Replogle acquired 1,996 shares of Crocs stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the purchase, the director now owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Institutional Trading of Crocs

A number of hedge funds and other institutional investors have recently made changes to their positions in CROX. Rise Advisors LLC purchased a new position in Crocs during the 1st quarter valued at about $25,000. GHP Investment Advisors Inc. increased its holdings in Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after acquiring an additional 180 shares during the period. UMB Bank n.a. lifted its stake in Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after purchasing an additional 120 shares in the last quarter. Blue Trust Inc. boosted its holdings in Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 162 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 85 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

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.