Crocs, Inc. Forecasted to Post FY2022 Earnings of $10.09 Per Share (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROXGet Rating) – Stock analysts at Wedbush issued their FY2022 earnings per share estimates for Crocs in a research note issued to investors on Thursday, April 28th. Wedbush analyst T. Nikic expects that the textile maker will earn $10.09 per share for the year. Wedbush currently has a “Outperform” rating and a $90.00 target price on the stock. Wedbush also issued estimates for Crocs’ FY2023 earnings at $11.18 EPS.

Several other equities research analysts also recently weighed in on the stock. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $80.00 in a research note on Monday, April 4th. B. Riley reduced their price objective on shares of Crocs from $174.00 to $153.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Thursday. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Crocs in a report on Tuesday, January 18th. Finally, Stifel Nicolaus dropped their target price on shares of Crocs from $130.00 to $101.00 in a report on Wednesday, February 16th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Crocs currently has an average rating of “Buy” and an average target price of $142.80.

Shares of CROX opened at $66.43 on Monday. Crocs has a fifty-two week low of $64.70 and a fifty-two week high of $183.88. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 5.83, a price-to-earnings-growth ratio of 0.45 and a beta of 1.85. The firm has a 50-day simple moving average of $75.35 and a 200-day simple moving average of $115.94. The company has a debt-to-equity ratio of 54.78, a quick ratio of 1.17 and a current ratio of 1.72.

Crocs (NASDAQ:CROXGet Rating) last posted its earnings results on Wednesday, February 16th. The textile maker reported $2.15 EPS for the quarter, beating the consensus estimate of $2.01 by $0.14. Crocs had a return on equity of 201.51% and a net margin of 31.37%. The firm had revenue of $586.63 million for the quarter, compared to analyst estimates of $580.71 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. Crocs’s revenue for the quarter was up 42.6% compared to the same quarter last year.

In other Crocs news, Director Thomas J. Smach bought 12,356 shares of Crocs stock in a transaction that occurred on Thursday, February 17th. The shares were acquired at an average price of $86.35 per share, for a total transaction of $1,066,940.60. Following the acquisition, the director now owns 195,636 shares of the company’s stock, valued at approximately $16,893,168.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas J. Treff bought 8,100 shares of Crocs stock in a transaction that occurred on Thursday, February 17th. The shares were acquired at an average price of $91.44 per share, for a total transaction of $740,664.00. Following the acquisition, the director now directly owns 87,005 shares in the company, valued at approximately $7,955,737.20. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 37,698 shares of company stock worth $3,105,842. 2.42% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of CROX. Lord Abbett & CO. LLC lifted its holdings in shares of Crocs by 66.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,738,706 shares of the textile maker’s stock valued at $249,469,000 after acquiring an additional 692,633 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Crocs during the 4th quarter valued at $73,548,000. Norges Bank acquired a new position in shares of Crocs during the 4th quarter valued at $65,099,000. Wellington Management Group LLP increased its stake in Crocs by 96.2% during the 3rd quarter. Wellington Management Group LLP now owns 891,814 shares of the textile maker’s stock worth $127,958,000 after buying an additional 437,259 shares during the period. Finally, David J Yvars Group increased its stake in Crocs by 491.8% during the 4th quarter. David J Yvars Group now owns 507,151 shares of the textile maker’s stock worth $12,227,000 after buying an additional 421,459 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.

Crocs Company Profile (Get Rating)

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.

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Earnings History and Estimates for Crocs (NASDAQ:CROX)

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