Crocs (NASDAQ:CROX) had its target price raised by analysts at Monness Crespi & Hardt from $40.00 to $45.00 in a report released on Friday, Briefing.com Automated Import reports. The firm currently has a “buy” rating on the textile maker’s stock. Monness Crespi & Hardt’s price objective indicates a potential upside of 25.21% from the company’s current price.

Other analysts also recently issued reports about the stock. B. Riley assumed coverage on shares of Crocs in a research note on Thursday, May 21st. They set a “hold” rating and a $23.00 target price for the company. Zacks Investment Research upgraded Crocs from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, June 23rd. Susquehanna Bancshares reissued a “buy” rating and issued a $53.00 price objective on shares of Crocs in a report on Thursday. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and increased their price target for the stock from $22.00 to $40.00 in a research note on Tuesday, June 30th. Finally, UBS Group initiated coverage on shares of Crocs in a research note on Wednesday, July 22nd. They set a “neutral” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.92.

NASDAQ:CROX opened at $35.94 on Friday. The firm has a market capitalization of $2.42 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.81 and a beta of 1.88. The business has a 50 day simple moving average of $34.30 and a 200 day simple moving average of $29.61. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.12 and a quick ratio of 1.35. Crocs has a 12-month low of $8.40 and a 12-month high of $43.79.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, July 30th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.87. Crocs had a return on equity of 106.21% and a net margin of 10.37%. The company had revenue of $331.55 million for the quarter, compared to analysts’ expectations of $241.20 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. Research analysts anticipate that Crocs will post 0.85 EPS for the current fiscal year.

In other Crocs news, EVP Michelle Poole sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $29.33, for a total value of $879,900.00. Following the completion of the sale, the executive vice president now directly owns 135,330 shares of the company’s stock, valued at approximately $3,969,228.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.42% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Crocs by 7.9% during the first quarter. State Street Corp now owns 2,072,308 shares of the textile maker’s stock worth $35,209,000 after buying an additional 151,035 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Crocs by 427.6% in the 4th quarter. Nuveen Asset Management LLC now owns 1,975,764 shares of the textile maker’s stock valued at $82,765,000 after buying an additional 1,601,312 shares during the period. Melvin Capital Management LP lifted its position in Crocs by 32.0% in the 1st quarter. Melvin Capital Management LP now owns 1,650,000 shares of the textile maker’s stock worth $28,034,000 after buying an additional 400,445 shares in the last quarter. Polaris Capital Management LLC purchased a new stake in shares of Crocs during the first quarter worth $24,834,000. Finally, Thrivent Financial for Lutherans boosted its position in Crocs by 36.2% during the first quarter. Thrivent Financial for Lutherans now owns 1,255,904 shares of the textile maker’s stock valued at $21,337,000 after purchasing an additional 333,924 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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