Crocs (NASDAQ:CROX) Upgraded at StockNews.com

StockNews.com upgraded shares of Crocs (NASDAQ:CROX) from a hold rating to a buy rating in a research note published on Wednesday.

Several other equities research analysts also recently issued reports on the company. Needham & Company LLC initiated coverage on Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective on the stock. KeyCorp decreased their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Guggenheim decreased their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Finally, UBS Group decreased their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.87.

Crocs Price Performance

CROX stock opened at $108.43 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs has a 52-week low of $88.25 and a 52-week high of $165.32. The stock’s 50 day moving average is $105.73 and its two-hundred day moving average is $119.44. The company has a market capitalization of $6.32 billion, a PE ratio of 7.86, a P/E/G ratio of 1.67 and a beta of 1.93.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Analysts predict that Crocs will post 12.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec boosted its position in Crocs by 215.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 372,450 shares of the textile maker’s stock worth $40,794,000 after acquiring an additional 254,212 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in Crocs by 51.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 222,409 shares of the textile maker’s stock worth $24,360,000 after acquiring an additional 75,582 shares during the period. Lido Advisors LLC boosted its position in Crocs by 13.2% during the 4th quarter. Lido Advisors LLC now owns 5,297 shares of the textile maker’s stock worth $580,000 after acquiring an additional 618 shares during the period. Northern Trust Corp boosted its position in Crocs by 34.0% during the 4th quarter. Northern Trust Corp now owns 603,734 shares of the textile maker’s stock worth $66,127,000 after acquiring an additional 153,215 shares during the period. Finally, Bullseye Asset Management LLC acquired a new position in Crocs during the 4th quarter worth $581,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.