Seaport Res Ptn Weighs in on Crocs, Inc.’s Q3 2022 Earnings (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROXGet Rating) – Investment analysts at Seaport Res Ptn raised their Q3 2022 EPS estimates for Crocs in a report released on Thursday, May 5th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will earn $3.37 per share for the quarter, up from their prior estimate of $3.34. Seaport Res Ptn currently has a “Neutral” rating on the stock. Seaport Res Ptn also issued estimates for Crocs’ FY2022 earnings at $10.65 EPS and FY2023 earnings at $12.27 EPS.

Crocs (NASDAQ:CROXGet Rating) last posted its quarterly earnings results 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 return on equity of 206.72% and a net margin of 27.85%. The company had revenue of $660.15 million during the quarter, compared to analysts’ expectations of $621.81 million. During the same quarter in the previous year, the business earned $1.49 EPS. The firm’s revenue was up 43.5% on a year-over-year basis.

A number of other equities analysts have also recently weighed in on CROX. TheStreet cut Crocs from a “b-” rating to a “c+” rating in a report on Friday, February 4th. Piper Sandler upped their price target on Crocs from $215.00 to $246.00 and gave the stock an “overweight” rating in a report on Wednesday, January 12th. B. Riley decreased their price target on Crocs from $153.00 to $128.00 in a report on Friday. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wedbush assumed coverage on Crocs in a report on Thursday, April 28th. They issued an “outperform” rating and a $90.00 price target for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Crocs has an average rating of “Buy” and an average price target of $128.10.

Shares of NASDAQ:CROX opened at $60.87 on Monday. The company has a debt-to-equity ratio of 8.17, a quick ratio of 1.17 and a current ratio of 1.96. Crocs has a 1 year low of $59.57 and a 1 year high of $183.88. The stock has a market capitalization of $3.75 billion, a P/E ratio of 5.48, a PEG ratio of 0.43 and a beta of 1.85. The stock has a 50-day simple moving average of $73.91 and a 200-day simple moving average of $113.36.

In related news, Director Thomas J. Smach bought 12,356 shares of the company’s stock in a transaction on Thursday, February 17th. The shares were purchased at an average cost of $86.35 per share, with a total value of $1,066,940.60. Following the completion of the transaction, the director now directly owns 195,636 shares of the company’s stock, valued at $16,893,168.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas J. Treff purchased 9,600 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was acquired at an average cost of $77.96 per share, with a total value of $748,416.00. The disclosure for this purchase can be found here. Insiders acquired 37,698 shares of company stock worth $3,105,842 over the last ninety days. 2.42% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in CROX. KBC Group NV boosted its stake in Crocs by 1,406.6% during the fourth quarter. KBC Group NV now owns 12,279 shares of the textile maker’s stock valued at $1,574,000 after buying an additional 11,464 shares in the last quarter. Dupont Capital Management Corp boosted its stake in Crocs by 19.6% during the fourth quarter. Dupont Capital Management Corp now owns 21,983 shares of the textile maker’s stock valued at $2,819,000 after buying an additional 3,608 shares in the last quarter. Natixis bought a new position in Crocs during the third quarter valued at about $6,457,000. Allen Capital Group LLC bought a new position in Crocs during the fourth quarter valued at about $18,129,000. Finally, Dana Investment Advisors Inc. bought a new position in Crocs during the fourth quarter valued at about $4,291,000. 90.14% of the stock is owned by 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.

See Also

Earnings History and Estimates for Crocs (NASDAQ:CROX)

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