Robert W. Baird Cuts Crocs (NASDAQ:CROX) Price Target to $150.00

Crocs (NASDAQ:CROX) had its target price reduced by Robert W. Baird from $180.00 to $150.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

Several other research analysts also recently weighed in on the company. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Barclays cut their price objective 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. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Finally, KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.47.

Crocs Trading Down 0.1 %

NASDAQ:CROX opened at $88.83 on Monday. The firm has a 50 day moving average of $105.75 and a 200 day moving average of $119.68. 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 has a market capitalization of $5.18 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 1.67 and a beta of 1.93.

Institutional Investors Weigh In On Crocs

Hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position in Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after buying an additional 577,467 shares in the last quarter. Norges Bank acquired a new stake in Crocs in the 4th quarter valued at $62,221,000. FMR LLC increased its holdings in Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Crocs by 38.9% during the fourth quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock worth $105,890,000 after acquiring an additional 270,598 shares during the period. 93.44% of the stock is owned by hedge funds and other 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.