Crocs, Inc. (NASDAQ:CROX – Get a rating) – Wedbush stock analysts released their fiscal 2022 earnings per share estimates for Crocs in a research note released to investors on Thursday, April 28. Wedbush analyst T. Nikic expects the textile maker to earn $10.09 per share for the year. Wedbush currently has an “outperform” rating and a target price of $90.00 on the stock. Wedbush also released Crocs earnings estimates for fiscal 2023 at $11.18 EPS.
Several other equity research analysts have also recently weighed in on the stock. Loop Capital downgraded Crocs shares from a “buy” to a “hold” rating and lowered their target price for the stock from $150.00 to $80.00 in a Monday, April 4 research note. . B. Riley cut his price target on Crocs stock from $174.00 to $153.00 and set a “buy” rating for the company in a Wednesday, Jan. 26 research report. StockNews.com upgraded Crocs shares from a “hold” rating to a “buy” rating in a research report on Thursday. Seaport Res Ptn reaffirmed a “neutral” rating on Crocs shares in a Tuesday, January 18, report. Finally, Stifel Nicolaus lowered his price target on Crocs shares from $130.00 to $101.00 in a Wednesday, February 16 report. Five analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, Crocs currently has an average rating of “Buy” and an average target price of $142.80.
Shares of CROSS opened at $66.43 on Monday. Crocs has a fifty-two week low of $64.70 and a fifty-two week high of $183.88. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 5.83, a growth price-to-earnings ratio of 0.45 and a beta of 1.85. The company has a 50-day simple moving average of $75.35 and a 200-day simple moving average of $115.94. The company has a debt ratio of 54.78, a quick ratio of 1.17 and a current ratio of 1.72.
fangs (NASDAQ:CROX – Get a rating) last reported results on Wednesday, February 16. The textile maker reported EPS of $2.15 for the quarter, beating the consensus estimate of $2.01 by $0.14. Crocs had a return on equity of 201.51% and a net margin of 31.37%. The company posted revenue of $586.63 million for the quarter, versus analyst estimates of $580.71 million. In the same quarter a year earlier, the company posted earnings per share of $1.06. Crocs revenue for the quarter increased 42.6% compared to the same quarter last year.
In other Crocs news, Director Thomas J. Smach purchased 12,356 shares of Crocs in a trade that took place on Thursday, February 17. The shares were acquired at an average price of $86.35 per share, for a total transaction of $1,066,940.60. Following the acquisition, the director now owns 195,636 shares of the company, valued at approximately $16,893,168.60. The acquisition was disclosed in an SEC filing, available at this link. Additionally, director Douglas J. Treff purchased 8,100 Crocs shares in a trade that took place on Thursday, February 17. The shares were acquired at an average price of $91.44 per share, for a total transaction of $740,664.00. Following the acquisition, the administrator now directly owns 87,005 shares of the company, valued at approximately $7,955,737.20. Disclosure of this purchase can be found here. Last quarter, insiders acquired 37,698 shares of the company worth $3,105,842. 2.42% of the shares are held by insiders of the company.
Several large investors have recently bought and sold shares of CROX. Lord Abbett & CO. LLC increased its equity stake in Crocs by 66.2% during Q3. Lord Abbett & CO. LLC now owns 1,738,706 shares of the textile maker valued at $249,469,000 after acquiring an additional 692,633 shares last quarter. Allspring Global Investments Holdings LLC acquired a new position in Crocs stock during Q4 worth $73,548,000. Norges Bank acquired a new position in Crocs stock during Q4 worth $65,099,000. Wellington Management Group LLP increased its stake in Crocs to 96.2% during the third quarter. Wellington Management Group LLP now owns 891,814 shares of the textile maker worth $127,958,000 after purchasing an additional 437,259 shares during the period. Finally, David J Yvars Group increased its stake in Crocs by 491.8% during the 4th quarter. David J Yvars Group now owns 507,151 shares of the textile maker worth $12,227,000 after purchasing an additional 421,459 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s shares.
Crocs Company Profile (Get a 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, flip flops, flip flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers and sneakers. slippers under the Crocs brand.
Get news and reviews for Crocs Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Crocs and related companies with MarketBeat.com’s FREE daily newsletter.