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NASDAQ:CROX

Crocs (CROX) Stock Price, News & Analysis

$141.54
-2.88 (-1.99%)
(As of 05/22/2024 ET)
Today's Range
$141.08
$144.24
50-Day Range
$119.33
$145.75
52-Week Range
$74.00
$148.16
Volume
805,029 shs
Average Volume
1.28 million shs
Market Capitalization
$8.59 billion
P/E Ratio
10.96
Dividend Yield
N/A
Price Target
$151.75

Crocs MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
7.2% Upside
$151.75 Price Target
Short Interest
Healthy
8.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Crocs in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$3.63 M Sold Last Quarter
Proj. Earnings Growth
8.53%
From $12.66 to $13.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.24 out of 5 stars

Consumer Discretionary Sector

142nd out of 268 stocks

Rubber & Plastics Footwear Industry

3rd out of 4 stocks

CROX stock logo

About Crocs Stock (NASDAQ:CROX)

Crocs, Inc. is a globally recognized American footwear company specializing in designing, developing, manufacturing, marketing, and distributing casual lifestyle footwear and accessories for men, women, and children. The company is best known for its iconic Crocs brand of foam clogs, which has gained immense popularity worldwide. Crocs offers a diverse range of footwear products, including clogs, sandals, slides, flips, wedges, platforms, boots, slippers, and socks, all under the Crocs brand name. With a mission to "comfort the world," Crocs aims to provide comfortable and stylish footwear options for all ages.

Headquartered in Broomfield, Colorado, Crocs, Inc. was founded in 2002 in Boulder, Colorado, by Lyndon Hanson, Scott Seamans, and George Boedecker, Jr. and has since expanded its presence globally. The company operates in approximately 85 countries, reaching customers through various distribution channels, including wholesalers, retail stores, e-commerce sites, and third-party marketplaces. Crocs strongly focuses on innovation, combining comfort and style to create unique footwear offerings.

Crocs has established a solid customer base globally, appealing to a wide range of demographics. Its products cater to individuals seeking comfortable and casual footwear for everyday wear and those in professions that require long hours on their feet. The company has gained a loyal following among healthcare workers, chefs, and outdoor enthusiasts, who appreciate Crocs footwear's durability, comfort, and versatility.

A seasoned management team leads Crocs, Inc. with diverse expertise and a deep understanding of the footwear industry. The team is dedicated to driving the company's growth, fostering innovation, and ensuring the delivery of exceptional products and experiences to customers.

As the Chief Executive Officer and Director of Crocs, Andrew Rees has played a pivotal role in the company's success. With extensive leadership experience in the retail and consumer goods industry, Rees has been instrumental in driving Crocs' global expansion and strengthening its market position.

As the Executive Vice President and Brand President for Crocs, Michelle Poole brings a wealth of experience in brand management and product development. She plays a crucial role in shaping the brand's identity, overseeing product strategies, and driving innovation.

Crocs, Inc. has consistently demonstrated strong financial performance, driven by its robust sales and global market presence. With company revenue and net income increasing, Crocs has showcased its profitability in the competitive footwear industry.

Crocs maintains a trailing price-to-earnings ratio and a forward price-to-earnings ratio that indicates that the stock is relatively undervalued compared to its earnings. The price-to-earnings growth ratio suggests the market has a positive outlook on the company's future earnings potential.

Crocs has a solid balance sheet that indicates a healthy liquidity position. The company's debt-to-equity ratio reflects a moderate level of debt, which should be monitored for any potential impact on the company's financial stability.

Crocs operates in the rubber and plastics footwear industry, which is competitive and influenced by changing consumer preferences, fashion trends, and economic conditions. The industry has witnessed a growing emphasis on comfort and functionality, aligning with Crocs' core strengths. The company has capitalized on this trend, positioning itself as a leader in the casual footwear segment.

Crocs faces competition from both established footwear brands and emerging players. However, the company's strong brand recognition, extensive product range, and global distribution network give it a competitive advantage. Additionally, Crocs' commitment to sustainability and its ability to engage with customers through social media and digital platforms have further strengthened its position in the industry.

Crocs has several growth opportunities on the horizon. The company continues to expand its product offerings, catering to evolving consumer preferences and leveraging its brand equity. Crocs' recent collaborations with fashion designers and celebrities have further enhanced its appeal and widened its customer base.

Furthermore, Crocs has the potential to explore new markets and expand its international presence. Emerging economies, such as those in Asia and South America, offer untapped growth opportunities. The company's ability to adapt its products and marketing strategies to suit local preferences will be crucial in capturing these markets.

Crocs can explore potential acquisitions or strategic partnerships to strengthen its market position further and diversify its product portfolio. Such initiatives would allow the company to enter new segments and capitalize on emerging trends, driving long-term growth.

While Crocs has achieved considerable success, it faces certain risks and challenges. The company must remain vigilant to changes in consumer preferences, as a shift away from casual footwear or a negative perception of the brand could impact sales. Crocs' ability to maintain relevance and continuously innovate will mitigate this risk.

Regulatory and political factors also challenge the footwear industry, including Crocs. Changes in trade policies, import/export regulations, and tariffs can impact the cost of production, supply chain dynamics, and, ultimately, the company's profitability. Crocs, a global brand with operations in multiple countries, must carefully navigate these regulatory complexities to ensure smooth operations and minimize potential disruptions.

Additionally, environmental regulations and sustainability concerns are becoming increasingly important in the footwear industry. Crocs has made strides in incorporating sustainable practices into its operations, such as reducing its carbon footprint, using eco-friendly materials, and implementing responsible sourcing. However, evolving regulations and heightened consumer expectations may require further investments and efforts to maintain compliance and meet sustainability goals.

Furthermore, intellectual property rights and counterfeit products present challenges for Crocs and the industry as a whole. Protecting its unique designs and trademarks is crucial to safeguarding its brand identity and market position. Crocs must remain vigilant in enforcing its intellectual property rights and combating counterfeiting to maintain consumer trust and prevent revenue loss.

Market competition is another significant challenge for Crocs. The footwear industry is crowded, with numerous brands vying for consumer attention. Competitors offering similar products at lower prices or with unique features can threaten Crocs' market share. The company's ability to differentiate itself through innovative designs, technological advancements, and effective marketing strategies will be essential in maintaining a competitive edge.

CROX Stock Price History

CROX Stock News Headlines

British Man Claims Crocs Marathon World Record
Crocs (CROX) Returned 248% Gross IRR Over 4 Months
Crocs (NASDAQ:CROX) PT Raised to $170.00
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
5/22/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
Footwear
Current Symbol
NASDAQ:CROX
CUSIP
22704610
Employees
7,030
Year Founded
2002

Price Target and Rating

Average Stock Price Target
$151.75
High Stock Price Target
$175.00
Low Stock Price Target
$122.00
Potential Upside/Downside
+7.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$792.57 million
Pretax Margin
21.87%

Debt

Sales & Book Value

Annual Sales
$3.96 billion
Cash Flow
$13.40 per share
Book Value
$26.31 per share

Miscellaneous

Free Float
59,051,000
Market Cap
$8.59 billion
Optionable
Optionable
Beta
2.03

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CROX Stock Analysis - Frequently Asked Questions

Should I buy or sell Crocs stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crocs in the last year. There are currently 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CROX shares.
View CROX analyst ratings
or view top-rated stocks.

What is Crocs' stock price target for 2024?

12 Wall Street research analysts have issued 1 year price targets for Crocs' shares. Their CROX share price targets range from $122.00 to $175.00. On average, they anticipate the company's share price to reach $151.75 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts price targets for CROX
or view top-rated stocks among Wall Street analysts.

How have CROX shares performed in 2024?

Crocs' stock was trading at $93.41 at the start of the year. Since then, CROX stock has increased by 51.5% and is now trading at $141.54.
View the best growth stocks for 2024 here
.

When is Crocs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our CROX earnings forecast
.

How were Crocs' earnings last quarter?

Crocs, Inc. (NASDAQ:CROX) released its quarterly earnings results on Tuesday, May, 7th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.77. The textile maker earned $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. Crocs had a net margin of 19.80% and a trailing twelve-month return on equity of 56.33%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.61 earnings per share.

What guidance has Crocs issued on next quarter's earnings?

Crocs issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 3.400-3.550 for the period, compared to the consensus earnings per share estimate of 3.470. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

What is Andrew Rees' approval rating as Crocs' CEO?

67 employees have rated Crocs Chief Executive Officer Andrew Rees on Glassdoor.com. Andrew Rees has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Crocs own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Crocs investors own include Skyworks Solutions (SWKS), Advanced Micro Devices (AMD), Intel (INTC), NVIDIA (NVDA), Bank of America (BAC), Denbury Resources (DNR), Cisco Systems (CSCO), Micron Technology (MU), AT&T (T) and Tesla (TSLA).

Who are Crocs' major shareholders?

Crocs' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.18%), Assenagon Asset Management S.A. (1.32%), Clearbridge Investments LLC (1.02%), Polaris Capital Management LLC (0.61%), LSV Asset Management (0.49%) and Interval Partners LP (0.39%). Insiders that own company stock include Adam Michaels, Andrew Rees, Anne Mehlman, Beth J Kaplan, Daniel P Hart, Doreen A Wright, Douglas J Treff, Elaine L Boltz, Ian Bickley, John B Replogle, Michelle Poole, Ronald Frasch, Shannon Sisler and Thomas J Smach.
View institutional ownership trends
.

How do I buy shares of Crocs?

Shares of CROX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CROX) was last updated on 5/23/2024 by MarketBeat.com Staff

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