Crocs Stock Forecast, Price & News

Crocs' stock was trading at $20.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CROX shares have increased by 105.4% and is now trading at $41.77.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crocs in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Crocs is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Crocs, Inc. (NASDAQ:CROX) released its quarterly earnings data on Thursday, July, 30th. The textile maker reported $1.01 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.87. The textile maker had revenue of $331.55 million for the quarter, compared to the consensus estimate of $241.20 million. Crocs had a net margin of 10.37% and a return on equity of 106.21%. The business's revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share.
View Crocs' earnings history.

Crocs declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 7th 2019, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 25.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

Crocs issued an update on its third quarter 2020 Pre-Market earnings guidance on Friday, September, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $344.08-344.08 million, compared to the consensus revenue estimate of $305.19 million.

11 brokers have issued twelve-month price targets for Crocs' stock. Their forecasts range from $40.00 to $53.00. On average, they expect Crocs' stock price to reach $44.80 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price.
View analysts' price targets for Crocs.

Crocs saw a decline in short interest in August. As of August 14th, there was short interest totaling 2,200,000 shares, a decline of 16.3% from the July 30th total of 2,630,000 shares. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is currently 1.7 days. Currently, 3.4% of the shares of the stock are sold short.
View Crocs' Short Interest.

Some companies that are related to Crocs include Nike (NKE), Deckers Outdoor (DECK), Skechers USA (SKX), Wolverine World Wide (WWW) and Steven Madden (SHOO).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Crocs investors own include Skyworks Solutions (SWKS), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), Denbury Resources (DNR), Bank of America (BAC), NVIDIA (NVDA), Cisco Systems (CSCO), Alibaba Group (BABA) and Walt Disney (DIS).

Crocs trades on the NASDAQ under the ticker symbol "CROX."

Crocs' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.20%), FMR LLC (7.13%), Polaris Capital Management LLC (2.44%), Goldman Sachs Group Inc. (1.88%), Nuveen Asset Management LLC (1.20%) and Thrivent Financial for Lutherans (1.06%). Company insiders that own Crocs stock include Anne Mehlman, Daniel P Hart, Doreen A Wright, Douglas J Treff, Holdings LP Blackstone III, Ian Bickley, Michelle Poole and Thomas J Smach.
View institutional ownership trends for Crocs.

CROX stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Thrivent Financial for Lutherans, Columbus Circle Investors, Federated Hermes Inc., Healthcare of Ontario Pension Plan Trust Fund, Two Sigma Advisers LP, No Street GP LP, and Goldman Sachs Group Inc.. Company insiders that have sold Crocs company stock in the last year include Holdings LP Blackstone III, Michelle Poole, and Thomas J Smach.
View insider buying and selling activity for Crocs.

CROX stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Portolan Capital Management LLC, Parian Global Management LP, Baird Financial Group Inc., Polaris Capital Management LLC, Driehaus Capital Management LLC, Balyasny Asset Management LLC, and Schonfeld Strategic Advisors LLC. Company insiders that have bought Crocs stock in the last two years include Anne Mehlman, Douglas J Treff, and Ian Bickley.
View insider buying and selling activity for Crocs.

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

One share of CROX stock can currently be purchased for approximately $41.77.

Crocs has a market capitalization of $2.82 billion and generates $1.23 billion in revenue each year. The textile maker earns $119.50 million in net income (profit) each year or $1.61 on an earnings per share basis. Crocs employs 3,803 workers across the globe.

The official website for Crocs is www.crocs.com.

Crocs' mailing address is 13601 Via Varra, Broomfield CO, 80020. The textile maker can be reached via phone at 303-848-7000 or via email at [email protected]