Crocs (NASDAQ:CROX) Updates Q4 Earnings Guidance

Crocs (NASDAQ:CROX) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $2.20-2.28 for the period, compared to the consensus EPS estimate of $2.72. Crocs also updated its FY 2024 guidance to 12.820-12.900 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CROX. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Monness Crespi & Hardt decreased their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Robert W. Baird reduced their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Barclays decreased their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.38.

Crocs Trading Down 0.9 %

NASDAQ CROX traded down $0.98 on Wednesday, hitting $110.60. The company’s stock had a trading volume of 2,172,032 shares, compared to its average volume of 1,318,950. The firm has a market cap of $6.57 billion, a PE ratio of 8.39, a PEG ratio of 1.35 and a beta of 1.99. The company’s 50-day moving average is $137.69 and its 200 day moving average is $138.65. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.47. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $3.25 EPS. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts predict that Crocs will post 12.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the transaction, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Crocs news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the transaction, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the firm’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 directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

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.