Seaport Res Ptn Predicts Crocs’ Q3 Earnings (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROX) – Stock analysts at Seaport Res Ptn increased their Q3 2024 earnings estimates for Crocs in a research report issued to clients and investors on Tuesday, October 22nd. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings per share of $3.15 for the quarter, up from their previous estimate of $3.10. The consensus estimate for Crocs’ current full-year earnings is $12.88 per share.

A number of other research analysts also recently issued reports on CROX. Guggenheim started coverage on shares of Crocs in a research report on Wednesday, October 9th. They issued a “buy” rating and a $182.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. 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 cut their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Finally, KeyCorp lifted their target price on Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Crocs Price Performance

Crocs stock opened at $133.75 on Friday. The stock’s 50 day moving average is $138.18 and its 200 day moving average is $138.62. Crocs has a one year low of $74.00 and a one year high of $165.32. The firm has a market cap of $8.12 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.35 and a beta of 1.99. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95.

Crocs (NASDAQ:CROX) last announced its earnings results 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 return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company earned $3.59 EPS. Crocs’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Institutional Trading of Crocs

Institutional investors and hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its position in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. lifted its holdings in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC boosted its position in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on 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 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following 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 ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company 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.