Crocs, Inc. (NASDAQ:CROX - Free Report) - Equities research analysts at Seaport Res Ptn raised their FY2024 EPS estimates for Crocs in a research note issued on Tuesday, October 22nd. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings of $12.95 per share for the year, up from their previous forecast of $12.90. The consensus estimate for Crocs' current full-year earnings is $12.88 per share. Seaport Res Ptn also issued estimates for Crocs' FY2025 earnings at $13.93 EPS and FY2026 earnings at $14.99 EPS.
Other research analysts have also issued reports about the company. Barclays lowered their price objective on Crocs from $169.00 to $164.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. UBS Group decreased their target price on Crocs from $148.00 to $146.00 and set a "neutral" rating for the company in a report on Tuesday, July 16th. Guggenheim initiated coverage on Crocs in a research note on Wednesday, October 9th. They issued a "buy" rating and a $182.00 price objective for the company. Piper Sandler reissued an "overweight" rating and issued a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $170.00 target price on shares of Crocs in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Crocs currently has an average rating of "Moderate Buy" and an average price target of $162.58.
Get Our Latest Analysis on Crocs
Shares of Crocs stock opened at $131.29 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average price of $138.37 and a 200 day moving average price of $138.60. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32. The firm has a market capitalization of $7.97 billion, a P/E ratio of 10.16, a PEG ratio of 1.35 and a beta of 1.99.
Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.42. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $3.59 earnings per share. The firm's quarterly revenue was up 3.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Crocs by 69.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,224 shares of the textile maker's stock valued at $1,191,000 after acquiring an additional 3,364 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Crocs during the 3rd quarter worth approximately $235,000. Riverwater Partners LLC raised its position in shares of Crocs by 86.3% during the 3rd quarter. Riverwater Partners LLC now owns 19,797 shares of the textile maker's stock worth $2,787,000 after purchasing an additional 9,168 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Crocs in the 3rd quarter valued at approximately $2,076,000. Finally, Private Advisor Group LLC grew its holdings in Crocs by 23.2% during the 3rd quarter. Private Advisor Group LLC now owns 19,044 shares of the textile maker's stock valued at $2,758,000 after buying an additional 3,584 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.
In other Crocs news, Director John B. Replogle purchased 1,996 shares of Crocs stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the acquisition, the director now directly owns 7,064 shares of the company's stock, valued at $875,653.44. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Douglas J. Treff sold 10,594 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the sale, the director now owns 81,254 shares in the company, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John B. Replogle bought 1,996 shares of the firm's stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the transaction, the director now owns 7,064 shares of the company's stock, valued at $875,653.44. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.
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.
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