UBS Group Has Lowered Expectations for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its target price dropped by analysts at UBS Group from $146.00 to $122.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price target points to a potential upside of 9.92% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Robert W. Baird lowered their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. KeyCorp upped their price target on Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Finally, Monness Crespi & Hardt decreased their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.77.

Crocs Trading Down 0.5 %

NASDAQ:CROX traded down $0.59 during mid-day trading on Wednesday, reaching $110.99. 1,531,571 shares of the company’s stock traded hands, compared to its average volume of 1,316,431. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 8.33, a PEG 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 company has a 50 day moving average price of $137.69 and a 200-day moving average price of $138.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping the consensus estimate of $3.13 by $0.47. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business posted $3.25 earnings per share. Crocs’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Crocs will post 12.88 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares in the company, valued at $875,653.44. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Crocs news, Director John B. Replogle purchased 1,996 shares of Crocs stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares in the company, valued at $875,653.44. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its position 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. Financial Management Professionals Inc. grew its position in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the period. UMB Bank n.a. boosted its stake in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after acquiring an additional 142 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after acquiring an additional 162 shares during the period. 93.44% of the stock is owned by hedge funds and other 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.