Crocs (NASDAQ:CROX) Price Target Raised to $132.00 at UBS Group

Crocs (NASDAQ:CROX) had its price target hoisted by stock analysts at UBS Group from $122.00 to $132.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective points to a potential upside of 22.96% from the stock’s previous close.

CROX has been the topic of a number of other research reports. Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America raised their price target on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. Monness Crespi & Hardt cut their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, KeyCorp decreased their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Stock Down 1.0 %

CROX stock opened at $107.35 on Wednesday. The company has a 50 day moving average of $105.60 and a two-hundred day moving average of $118.97. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 1.82 and a beta of 1.93. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last announced 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 46.27% and a net margin of 23.16%. On average, equities analysts anticipate that Crocs will post 12.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crocs

Several hedge funds have recently added to or reduced their stakes in CROX. Financial Management Professionals Inc. boosted its stake in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Allianz SE bought a new stake in Crocs in the fourth quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs in the 3rd quarter valued at $73,000. Institutional investors 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.