Crocs - CROX Stock Forecast, Price & News

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 clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name. The company sells its products in approximately 85 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces. As of December 31, 2021, it had 193 outlet stores, 107 retail stores, 373 company-operated stores, 73 kiosks and store-in-stores, and 14 company-operated e-commerce sites. The company serves in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Crocs, Inc. was founded in 1999 and is headquartered in Broomfield, Colorado.

Analyst Ratings Changes

CROX has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Crocs from $73.00 to $59.00 and set a "neutral" rating for the company in a research note on Friday, July 15th. Loop Capital upgraded shares of Crocs from a "hold" rating to a "buy" rating and raised their target price for the stock from $52.42 to $75.00 in a research note on Tuesday, July 5th. Stifel Nicolaus reduced their target price on shares of Crocs from $59.00 to $54.00 in a research note on Wednesday, July 20th. Robert W. Baird restated an "outperform" rating and issued a $90.00 target price on shares of Crocs in a research note on Tuesday, August 2nd. Finally, Piper Sandler reduced their target price on shares of Crocs from $120.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.25.

Crocs Price Performance

Shares of NASDAQ:CROX traded down $4.61 during midday trading on Friday, hitting $72.31. The company had a trading volume of 48,375 shares, compared to its average volume of 2,010,514. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 5.58. Crocs has a twelve month low of $46.08 and a twelve month high of $183.88. The business has a 50-day simple moving average of $60.20 and a two-hundred day simple moving average of $68.86. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.51 and a beta of 2.02.

Crocs (NASDAQ:CROX - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The textile maker reported $3.24 EPS for the quarter, beating the consensus estimate of $2.73 by $0.51. Crocs had a net margin of 19.08% and a return on equity of 202.79%. The firm had revenue of $964.60 million during the quarter, compared to analysts' expectations of $938.93 million. During the same quarter last year, the business earned $2.23 earnings per share. The business's revenue for the quarter was up 50.6% compared to the same quarter last year. Equities research analysts anticipate that Crocs will post 10.06 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Thomas J. Smach bought 5,000 shares of the company's stock in a transaction on Wednesday, May 25th. The stock was purchased at an average cost of $49.99 per share, for a total transaction of $249,950.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $499,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.71% of the stock is currently owned by insiders.