Research Analysts Set Expectations for Crocs FY2024 Earnings

Crocs, Inc. (NASDAQ:CROX) – Equities research analysts at Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for shares of Crocs in a note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will earn $12.91 per share for the year, down from their previous forecast of $12.95. The consensus estimate for Crocs’ current full-year earnings is $12.94 per share. Seaport Res Ptn also issued estimates for Crocs’ Q4 2024 earnings at $2.25 EPS, FY2025 earnings at $12.91 EPS and FY2026 earnings at $13.95 EPS.

A number of other equities analysts have also recently issued reports on CROX. Barclays dropped their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday. Monness Crespi & Hardt dropped their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $170.00 target price on shares of Crocs in a report on Monday, July 29th. KeyCorp dropped their target price on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Crocs Trading Down 1.1 %

Shares of CROX opened at $107.82 on Friday. Crocs has a 1 year low of $74.00 and a 1 year high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.95 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of $137.05 and a 200-day simple moving average of $138.45. The stock has a market cap of $6.28 billion, a PE ratio of 7.82, a PEG ratio of 1.10 and a beta of 1.99.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.13 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.25 EPS.

Insider Buying and Selling at Crocs

In other news, Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 81,254 shares in the company, valued at $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 is available at this link. Also, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Davis Investment Partners LLC raised its stake in Crocs by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock worth $1,362,000 after buying an additional 77 shares during the period. Nisa Investment Advisors LLC raised its stake in Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after buying an additional 85 shares during the period. Central Pacific Bank Trust Division raised its stake in Crocs by 8.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock worth $195,000 after buying an additional 100 shares during the period. 180 Wealth Advisors LLC raised its stake in Crocs by 1.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock worth $1,036,000 after buying an additional 111 shares during the period. Finally, Clear Harbor Asset Management LLC raised its stake in Crocs by 4.0% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock worth $436,000 after buying an additional 115 shares during the period. 93.44% of the stock is currently owned by institutional investors.

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.