Q2 2022 EPS Estimates for Crocs, Inc. Lifted by Analyst (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROXGet Rating) – Equities research analysts at Wedbush raised their Q2 2022 earnings per share (EPS) estimates for shares of Crocs in a note issued to investors on Thursday, May 5th. Wedbush analyst T. Nikic now anticipates that the textile maker will post earnings per share of $2.79 for the quarter, up from their previous forecast of $2.75. Wedbush has a “Outperform” rating and a $90.00 price target on the stock. Wedbush also issued estimates for Crocs’ Q3 2022 earnings at $3.11 EPS, FY2022 earnings at $10.54 EPS and FY2023 earnings at $11.48 EPS.

Crocs (NASDAQ:CROXGet Rating) last released its quarterly earnings data on Thursday, May 5th. The textile maker reported $2.05 EPS for the quarter, beating the consensus estimate of $1.55 by $0.50. Crocs had a net margin of 27.85% and a return on equity of 206.72%. The business had revenue of $660.15 million during the quarter, compared to the consensus estimate of $621.81 million. During the same quarter in the prior year, the firm earned $1.49 EPS. The business’s revenue was up 43.5% on a year-over-year basis.

A number of other brokerages have also commented on CROX. B. Riley reduced their target price on shares of Crocs from $153.00 to $128.00 in a research report on Friday. Piper Sandler raised their target price on shares of Crocs from $215.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, January 12th. Stifel Nicolaus lowered their price objective on shares of Crocs from $101.00 to $59.00 in a research note on Friday. TheStreet cut shares of Crocs from a “b-” rating to a “c+” rating in a report on Friday, February 4th. Finally, Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and reduced their target price for the stock from $150.00 to $80.00 in a report on Monday, April 4th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $128.10.

Shares of NASDAQ CROX opened at $60.87 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.17 and a debt-to-equity ratio of 8.17. Crocs has a 12-month low of $59.57 and a 12-month high of $183.88. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 5.48, a P/E/G ratio of 0.43 and a beta of 1.85. The firm’s 50-day moving average price is $73.91 and its 200-day moving average price is $113.36.

In related news, Director Beth J. Kaplan purchased 1,430 shares of Crocs stock in a transaction dated Monday, March 7th. The shares were acquired at an average cost of $69.63 per share, with a total value of $99,570.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Smach purchased 12,356 shares of Crocs stock in a transaction dated Thursday, February 17th. The stock was bought at an average cost of $86.35 per share, for a total transaction of $1,066,940.60. Following the completion of the purchase, the director now directly owns 195,636 shares in the company, valued at approximately $16,893,168.60. The disclosure for this purchase can be found here. In the last quarter, insiders bought 37,698 shares of company stock worth $3,105,842. Company insiders own 2.42% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CROX. FMR LLC increased its stake in Crocs by 54.2% during the 1st quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock worth $73,000 after buying an additional 1,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Crocs by 12.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,109 shares of the textile maker’s stock worth $1,307,000 after buying an additional 1,039 shares during the period. Deutsche Bank AG increased its stake in Crocs by 70.8% during the 3rd quarter. Deutsche Bank AG now owns 77,806 shares of the textile maker’s stock worth $11,164,000 after buying an additional 32,246 shares during the period. PNC Financial Services Group Inc. increased its stake in Crocs by 17.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,844 shares of the textile maker’s stock worth $265,000 after buying an additional 277 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in Crocs by 35.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 28,018 shares of the textile maker’s stock worth $4,020,000 after buying an additional 7,319 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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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