Crocs (NASDAQ:CROX) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Crocs (NASDAQ:CROX) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $129.00 price objective on the textile maker’s stock.

Several other analysts have also recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Guggenheim decreased their price target on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $145.33.

Crocs Price Performance

NASDAQ:CROX opened at $110.05 on Thursday. The company has a market capitalization of $6.41 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.67 and a beta of 1.93. The business’s 50-day moving average is $105.75 and its 200 day moving average is $119.61. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs has a 12 month low of $88.25 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 49.70% and a net margin of 20.50%. On average, equities research analysts forecast that Crocs will post 12.92 earnings per share for the current fiscal year.

Institutional Trading of Crocs

A number of large investors have recently modified their holdings of the company. Financial Management Professionals Inc. raised 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 valued at $33,000 after purchasing an additional 224 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after acquiring an additional 208 shares during the period. UMB Bank n.a. grew its holdings in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after acquiring an additional 142 shares in the last quarter. Finally, Allianz SE purchased a new position in Crocs during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.