By otakuyassine3@gmail.com 
Crocs, Inc. (NASDAQ:CROX – Free Report) – Research analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for shares of Crocs in a report released on Wednesday, January 22nd. KeyCorp analyst A. Owens forecasts that the textile maker will post earnings per share of $12.91 for the year. KeyCorp currently has a “Overweight” rating and a $120.00 target price on the stock. The consensus estimate for Crocs’ current full-year earnings is $12.93 per share. KeyCorp also issued estimates for Crocs’ Q4 2024 earnings at $2.26 EPS and FY2025 earnings at $12.92 EPS.
Crocs (NASDAQ:CROX – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $3.25 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.
A number of other equities research analysts have also recently commented on the stock. Robert W. Baird decreased their price target on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Guggenheim reaffirmed a “buy” rating and issued a $155.00 price target on shares of Crocs in a research report on Friday, December 6th. Barclays cut their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.80.
Check Out Our Latest Report on CROX
Crocs Stock Performance
Shares of CROX stock opened at $103.56 on Monday. The business’s 50 day moving average is $107.91 and its two-hundred day moving average is $122.33. Crocs has a 12-month low of $94.50 and a 12-month high of $165.32. The company has a market capitalization of $6.04 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.79 and a beta of 1.95. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.
Insider Activity
In other Crocs news, CFO Susan L. Healy acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.72% of the company’s stock.
Institutional Investors Weigh In On Crocs
Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in shares of Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares during the period. Pacer Advisors Inc. increased its position in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the last quarter. State Street Corp lifted its position in shares of Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after buying an additional 13,467 shares during the last quarter. Rheos Capital Works Inc. grew its position in shares of Crocs by 30.6% in the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Crocs by 34.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after purchasing an additional 46,890 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.
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.
Further Reading
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