FY2024 Earnings Estimate for Crocs Issued By KeyCorp

Crocs, Inc. (NASDAQ:CROX) – KeyCorp issued their FY2024 earnings estimates for shares of Crocs in a research note issued on Wednesday, January 22nd. KeyCorp analyst A. Owens expects that the textile maker will post earnings of $12.91 per share 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.

CROX has been the topic of several other reports. Loop Capital lowered 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 report on Thursday, November 7th. 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, October 29th. Robert W. Baird reduced their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC started coverage on shares of Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Crocs Price Performance

NASDAQ:CROX opened at $102.42 on Monday. The stock has a market capitalization of $5.97 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. Crocs has a 52 week low of $94.50 and a 52 week high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average price is $107.79 and its 200-day moving average price is $122.58.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $3.25 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Institutional Investors Weigh In On Crocs

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its holdings in shares of Crocs by 55.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after purchasing an additional 14,387 shares during the period. Meeder Asset Management Inc. lifted its position in Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after buying an additional 20,797 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in Crocs by 2,775.6% during the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after buying an additional 7,633 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Crocs during the third quarter valued at about $2,024,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Crocs in the 3rd quarter valued at approximately $2,076,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In other news, CFO Susan L. Healy acquired 1,000 shares of the company’s stock in a transaction that occurred 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 owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.