Q4 2024 EPS Estimates for Crocs, Inc. Lowered by Analyst (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROX) – Investment analysts at Wedbush dropped their Q4 2024 earnings per share estimates for Crocs in a research report issued to clients and investors on Monday, August 5th. Wedbush analyst T. Nikic now forecasts that the textile maker will post earnings per share of $2.67 for the quarter, down from their prior forecast of $2.68. Wedbush has a “Outperform” rating and a $170.00 price objective on the stock. The consensus estimate for Crocs’ current full-year earnings is $12.73 per share.

CROX has been the topic of a number of other reports. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target on the stock. in a research note on Friday, August 2nd. Williams Trading reaffirmed a “hold” rating and set a $125.00 price objective (down previously from $135.00) on shares of Crocs in a report on Tuesday, April 16th. UBS Group dropped their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Bank of America raised their price objective on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Barclays dropped their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.09.

Crocs Stock Up 4.4 %

Crocs stock opened at $131.75 on Wednesday. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 1.14. The stock has a market cap of $8.00 billion, a PE ratio of 10.20, a P/E/G ratio of 1.45 and a beta of 2.00. The stock’s fifty day moving average is $142.85 and its two-hundred day moving average is $131.96.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $3.59 earnings per share. Crocs’s quarterly revenue was up 3.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its stake in shares of Crocs by 235.8% during the 4th quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock valued at $5,466,000 after buying an additional 41,091 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Crocs by 9,649.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,347 shares of the textile maker’s stock worth $9,654,000 after purchasing an additional 102,287 shares during the period. Meitav Investment House Ltd. purchased a new stake in Crocs during the 4th quarter worth $419,000. Klingman & Associates LLC lifted its holdings in Crocs by 0.6% in the 4th quarter. Klingman & Associates LLC now owns 47,986 shares of the textile maker’s stock worth $4,482,000 after buying an additional 306 shares in the last quarter. Finally, MRP Capital Investments LLC acquired a new position in Crocs in the 4th quarter worth $505,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 1,404 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $149.96, for a total value of $210,543.84. Following the completion of the sale, the executive vice president now owns 37,103 shares in the company, valued at $5,563,965.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Shannon Sisler sold 1,404 shares of Crocs stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $149.96, for a total transaction of $210,543.84. Following the completion of the sale, the executive vice president now directly owns 37,103 shares in the company, valued at approximately $5,563,965.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the sale, the chief executive officer now owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The disclosure for this sale can be found here. Insiders sold a total of 20,004 shares of company stock worth $3,169,829 over the last 90 days. Company insiders own 2.72% of the company’s stock.

Crocs Company Profile

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.