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

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

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, 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business earned $3.59 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis.

A number of other analysts have also recently commented on the company. UBS Group reduced their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a research report on Friday, August 2nd. OTR Global upgraded Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Barclays cut their price target on Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Monness Crespi & Hardt boosted their price target on Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $154.09.

Crocs Stock Up 4.4 %

Crocs stock opened at $131.75 on Wednesday. The stock has a market cap of $8.00 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.45 and a beta of 2.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.14 and a current ratio of 1.50. Crocs has a one year low of $74.00 and a one year high of $165.32. The stock has a fifty day moving average of $142.85 and a 200 day moving average of $131.96.

Hedge Funds Weigh In On Crocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CROX. WIT Partners Advisory Pte. Ltd. bought a new position in Crocs during the fourth quarter valued at approximately $266,431,000. Coatue Management LLC raised its position in Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after purchasing an additional 919,835 shares during the period. Norges Bank purchased a new stake in Crocs during the fourth quarter valued at approximately $72,211,000. Patient Capital Management LLC purchased a new stake in Crocs during the fourth quarter valued at approximately $39,420,000. Finally, Goldman Sachs Group Inc. raised its position in Crocs by 46.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock valued at $71,952,000 after purchasing an additional 245,240 shares during the period. 93.44% of the stock is owned by institutional investors.

Insider Transactions at Crocs

In other news, EVP Shannon Sisler sold 1,450 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $152.32, for a total value of $220,864.00. Following the completion of the transaction, the executive vice president now owns 35,653 shares of the company’s stock, valued at $5,430,664.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Shannon Sisler sold 1,450 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $152.32, for a total transaction of $220,864.00. Following the completion of the transaction, the executive vice president now directly owns 35,653 shares of the company’s stock, valued at $5,430,664.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the transaction, the chief executive officer now directly 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 valued at $3,169,829 over the last 90 days. Company insiders own 2.72% of the company’s stock.

About Crocs

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.