Q3 2022 EPS Estimates for Crocs, Inc. (NASDAQ:CROX) Decreased by Analyst

Crocs, Inc. (NASDAQ:CROX – Get Rating) – Equities research analysts at B. Riley lowered their Q3 2022 earnings per share estimates for Crocs in a research note issued to investors on Friday, May 6th. B. Riley analyst S. Anderson now forecasts that the textile maker will post earnings of $3.12 per share for the quarter, down from their previous estimate of $3.27.

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

CROX has been the subject of a number of other reports. Zacks Investment Research cut shares of Crocs from a “strong-buy” rating to a “hold” rating and set a $73.00 price objective for the company. in a research report on Wednesday, March 9th. Robert W. Baird decreased their price objective on shares of Crocs from $200.00 to $120.00 in a research report on Friday. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and decreased their price objective for the company from $150.00 to $80.00 in a research report on Monday, April 4th. Wedbush initiated coverage on shares of Crocs in a research report on Thursday, April 28th. They issued an “outperform” rating and a $90.00 price objective for the company. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of Crocs in a research report on Tuesday, January 18th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $128.10.

NASDAQ:CROX opened at $60.87 on Monday. The company has a debt-to-equity ratio of 8.17, a current ratio of 1.96 and a quick ratio of 1.17. The firm has a 50-day moving average of $73.91 and a two-hundred day moving average of $113.36. The stock has a market cap of $3.75 billion, a P/E ratio of 5.48, a PEG ratio of 0.43 and a beta of 1.85. Crocs has a 1-year low of $59.57 and a 1-year high of $183.88.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CROX. FMR LLC increased its stake in shares of Crocs by 54.2% in the first quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 1,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Crocs by 12.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,109 shares of the textile maker’s stock valued at $1,307,000 after purchasing an additional 1,039 shares during the period. Deutsche Bank AG increased its stake in shares of Crocs by 70.8% in the third quarter. Deutsche Bank AG now owns 77,806 shares of the textile maker’s stock valued at $11,164,000 after purchasing an additional 32,246 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Crocs by 17.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,844 shares of the textile maker’s stock valued at $265,000 after purchasing an additional 277 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in shares of Crocs by 35.4% in the third quarter. Advisor Group Holdings Inc. now owns 28,018 shares of the textile maker’s stock valued at $4,020,000 after purchasing an additional 7,319 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

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

Further Reading