Crocs (NASDAQ:CROX) Coverage Initiated by Analysts at Exane BNP Paribas - MarketBeat

2022-09-24 00:26:03 By : Mr. Steve Lee

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Investment analysts at Exane BNP Paribas began coverage on shares of Crocs (NASDAQ:CROX - Get Rating) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set a "neutral" rating on the textile maker's stock.

CROX has been the subject of a number of other reports. B. Riley decreased their target price on Crocs from $120.00 to $116.00 in a research report on Friday, August 5th. Loop Capital upgraded shares of Crocs from a "hold" rating to a "buy" rating and raised their target price for the company from $52.42 to $75.00 in a research note on Tuesday, July 5th. Robert W. Baird reiterated an "outperform" rating and issued a $90.00 price target on shares of Crocs in a research note on Tuesday, August 2nd. StockNews.com lowered shares of Crocs from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Piper Sandler lowered their price target on Crocs from $120.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $82.00.Crocs Stock Down 1.4 %

NASDAQ CROX opened at $77.29 on Wednesday. Crocs has a 12 month low of $46.08 and a 12 month high of $183.88. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 5.58. The stock has a market cap of $4.76 billion, a PE ratio of 8.82, a P/E/G ratio of 0.52 and a beta of 1.99. The stock's 50 day moving average is $71.57 and its 200 day moving average is $66.29.

Crocs (NASDAQ:CROX - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The textile maker reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.51. Crocs had a return on equity of 202.79% and a net margin of 19.08%. The business had revenue of $964.60 million for the quarter, compared to analysts' expectations of $938.93 million. During the same period in the prior year, the firm earned $2.23 EPS. The company's revenue for the quarter was up 50.6% on a year-over-year basis. Research analysts predict that Crocs will post 10.04 EPS for the current fiscal year. Insider Activity

In other news, EVP Shannon Sisler sold 3,164 shares of Crocs stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $80.00, for a total transaction of $253,120.00. Following the completion of the sale, the executive vice president now directly owns 49,303 shares of the company's stock, valued at approximately $3,944,240. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Shannon Sisler sold 3,164 shares of the company's stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $80.00, for a total transaction of $253,120.00. Following the completion of the transaction, the executive vice president now directly owns 49,303 shares of the company's stock, valued at approximately $3,944,240. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michelle Poole sold 7,320 shares of the firm's stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $80.26, for a total value of $587,503.20. Following the sale, the president now directly owns 168,905 shares in the company, valued at approximately $13,556,315.30. The disclosure for this sale can be found here. Company insiders own 2.71% of the company's stock. Hedge Funds Weigh In On Crocs

Several large investors have recently bought and sold shares of CROX. Private Trust Co. NA acquired a new stake in shares of Crocs during the second quarter worth about $195,000. B. Riley Wealth Management Inc. purchased a new position in Crocs during the 2nd quarter worth approximately $241,000. Verition Fund Management LLC increased its position in Crocs by 135.7% during the second quarter. Verition Fund Management LLC now owns 12,962 shares of the textile maker's stock worth $631,000 after buying an additional 7,462 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in Crocs by 4.8% in the second quarter. Redhawk Wealth Advisors Inc. now owns 13,465 shares of the textile maker's stock valued at $655,000 after buying an additional 614 shares during the last quarter. Finally, Prelude Capital Management LLC boosted its holdings in shares of Crocs by 74.4% in the second quarter. Prelude Capital Management LLC now owns 39,385 shares of the textile maker's stock valued at $1,917,000 after acquiring an additional 16,802 shares during the period. Institutional investors and hedge funds own 79.96% of the company's stock. Crocs Company Profile (Get Rating)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.See AlsoGet a free copy of the StockNews.com research report on Crocs (CROX)3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out Is Ford Rolling To A Rebound After Its Q3 Warning If You’re Hungry for Value, Take a Bite on Ruth's Hospitality GrpHas AMD stock stock fallen too far?

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