Crocs (NASDAQ:CROX) announced its quarterly earnings results on Thursday. The textile maker reported $2.23 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.62 by $0.61, MarketWatch Earnings reports. The business had revenue of $640.77 million during the quarter, compared to the consensus estimate of $562.61 million. Crocs had a net margin of 25.57% and a return on equity of 121.70%. The business's revenue was up 93.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. Crocs updated its FY 2021 guidance to EPS and its Q3 2021 guidance to EPS.
Shares of NASDAQ CROX opened at $131.93 on Friday. The company has a fifty day moving average price of $109.47. The company has a quick ratio of 1.63, a current ratio of 2.23 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 1.36 and a beta of 1.84. Crocs has a one year low of $35.14 and a one year high of $136.50.
CROX has been the subject of several recent research reports. B. Riley restated a "buy" rating and set a $152.00 target price (up from $132.00) on shares of Crocs in a report on Friday. Robert W. Baird raised their price target on shares of Crocs from $135.00 to $160.00 and gave the company an "outperform" rating in a report on Friday. Monness Crespi & Hardt lifted their price objective on shares of Crocs from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Friday. Loop Capital lifted their price objective on shares of Crocs from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Friday. Finally, Piper Sandler lifted their price target on shares of Crocs from $143.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Crocs has an average rating of "Buy" and an average target price of $127.40.
In other news, CEO Andrew Rees sold 80,000 shares of the stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $97.04, for a total transaction of $7,763,200.00. Following the sale, the chief executive officer now owns 919,156 shares in the company, valued at $89,194,898.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Doreen A. Wright sold 688 shares of the firm's stock in a transaction dated Monday, June 14th. The shares were sold at an average price of $113.00, for a total value of $77,744.00. Following the completion of the transaction, the director now owns 57,329 shares in the company, valued at approximately $6,478,177. The disclosure for this sale can be found here. Insiders sold 91,188 shares of company stock valued at $8,894,394 over the last 90 days. 2.42% of the stock is currently owned by corporate insiders.
Crocs Company Profile
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including sandals, wedges, flips, slides clogs, charms, and shoes under the Crocs brand name.
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