Crocs (NASDAQ:CROX) Sets New 12-Month Low – Here’s What Happened

Crocs, Inc. (NASDAQ:CROX) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $94.25 and last traded at $96.06, with a volume of 229150 shares. The stock had previously closed at $95.52.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays cut their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Finally, Robert W. Baird cut their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average price target of $146.47.

Crocs Stock Down 1.3 %

The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.50 billion, a PE ratio of 6.84, a PEG ratio of 1.78 and a beta of 1.93. The company’s 50 day moving average is $107.31 and its two-hundred day moving average is $120.84.

Insider Activity at Crocs

In related news, CFO Susan L. Healy bought 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crocs

A number of hedge funds and other institutional investors have recently modified their holdings of CROX. Banco Santander S.A. increased its holdings in Crocs by 75.5% in the fourth quarter. Banco Santander S.A. now owns 7,743 shares of the textile maker’s stock valued at $848,000 after buying an additional 3,332 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Crocs during the fourth quarter worth approximately $471,000. Atria Investments Inc grew its holdings in Crocs by 70.4% in the fourth quarter. Atria Investments Inc now owns 3,386 shares of the textile maker’s stock valued at $371,000 after purchasing an additional 1,399 shares during the period. Clark Estates Inc. NY increased its position in shares of Crocs by 16.4% in the fourth quarter. Clark Estates Inc. NY now owns 26,200 shares of the textile maker’s stock valued at $2,870,000 after buying an additional 3,700 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Crocs by 34.9% during the 4th quarter. Victory Capital Management Inc. now owns 28,210 shares of the textile maker’s stock worth $3,090,000 after buying an additional 7,303 shares during the period. 93.44% of the stock is currently owned by institutional investors.

About Crocs

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.