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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CROX. Loop Capital raised Crocs from a "hold" rating to a "buy" rating and increased their price target for the company from $52.42 to $75.00 in a research note on Tuesday, July 5th. UBS Group decreased their price target on Crocs from $73.00 to $59.00 and set a "neutral" rating for the company in a research note on Friday, July 15th. Piper Sandler decreased their price target on Crocs from $120.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, July 26th. StockNews.com raised Crocs from a "sell" rating to a "hold" rating in a research note on Saturday, August 6th. Finally, Stifel Nicolaus decreased their target price on Crocs from $59.00 to $54.00 in a research note on Wednesday, July 20th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Crocs currently has an average rating of "Moderate Buy" and an average price target of $94.25.

Crocs Stock Up 1.6 %

NASDAQ:CROX traded up $1.23 on Thursday, hitting $76.80. The stock had a trading volume of 1,730,125 shares, compared to its average volume of 1,856,526. The business's fifty day moving average is $58.37 and its 200 day moving average is $69.55. The company has a market cap of $4.73 billion, a PE ratio of 8.77, a P/E/G ratio of 0.47 and a beta of 2.02. 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 52 week low of $46.08 and a 52 week high of $183.88.

Crocs (NASDAQ:CROX - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The textile maker reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.51. The business had revenue of $964.60 million for the quarter, compared to analyst estimates of $938.93 million. Crocs had a return on equity of 202.79% and a net margin of 19.08%. The company's quarterly revenue was up 50.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 earnings per share. On average, equities research analysts expect that Crocs will post 10.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ian Bickley purchased 5,000 shares of the business's stock in a transaction on Tuesday, May 17th. The shares were acquired at an average price of $58.24 per share, for a total transaction of $291,200.00. Following the completion of the acquisition, the director now owns 46,197 shares in the company, valued at $2,690,513.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.71% of the company's stock.