Brokers Issue Forecasts for Crocs, Inc.’s Q4 2022 Earnings (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROXGet Rating) – Stock analysts at Seaport Res Ptn upped their Q4 2022 earnings per share (EPS) estimates for Crocs in a report released on Thursday, January 12th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings of $2.18 per share for the quarter, up from their prior forecast of $2.02. The consensus estimate for Crocs’ current full-year earnings is $10.43 per share. Seaport Res Ptn also issued estimates for Crocs’ FY2023 earnings at $11.09 EPS and FY2024 earnings at $11.88 EPS.

Crocs (NASDAQ:CROXGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The textile maker reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.39. Crocs had a return on equity of 172.58% and a net margin of 17.43%. The business had revenue of $985.09 million during the quarter, compared to the consensus estimate of $941.88 million.

Other research analysts have also recently issued research reports about the company. Exane BNP Paribas started coverage on Crocs in a research note on Wednesday, September 21st. They issued a “neutral” rating on the stock. StockNews.com raised Crocs from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Piper Sandler increased their price objective on Crocs from $118.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday. BNP Paribas began coverage on Crocs in a report on Wednesday, September 21st. They issued a “neutral” rating for the company. Finally, Robert W. Baird increased their price target on Crocs from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, January 11th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.43.

Crocs Trading Down 1.0 %

Shares of CROX opened at $125.82 on Monday. The stock’s 50-day moving average is $100.38 and its two-hundred day moving average is $81.21. The stock has a market cap of $7.77 billion, a PE ratio of 13.89, a P/E/G ratio of 0.79 and a beta of 1.89. Crocs has a 12 month low of $46.08 and a 12 month high of $127.66. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.97 and a quick ratio of 1.07.

Institutional Trading of Crocs

A number of hedge funds and other institutional investors have recently modified their holdings of CROX. Riverwater Partners LLC grew its holdings in Crocs by 41.3% during the 4th quarter. Riverwater Partners LLC now owns 13,962 shares of the textile maker’s stock worth $1,514,000 after acquiring an additional 4,079 shares during the period. Assenagon Asset Management S.A. bought a new stake in Crocs during the 4th quarter worth about $62,045,000. Accuvest Global Advisors lifted its position in Crocs by 45.0% during the 4th quarter. Accuvest Global Advisors now owns 4,718 shares of the textile maker’s stock worth $512,000 after buying an additional 1,464 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Crocs by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 8,639 shares of the textile maker’s stock worth $936,000 after purchasing an additional 85 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Crocs during the 4th quarter worth about $279,000. Institutional investors and hedge funds own 84.95% of the company’s stock.

Insider Activity at Crocs

In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $120.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the executive vice president now owns 237,360 shares in the company, valued at $28,483,200. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, President Michelle Poole sold 9,492 shares of Crocs stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $99.83, for a total value of $947,586.36. Following the completion of the transaction, the president now owns 145,157 shares in the company, valued at $14,491,023.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel P. Hart sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $120.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the executive vice president now directly owns 237,360 shares of the company’s stock, valued at approximately $28,483,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,939 shares of company stock worth $8,320,050. Company insiders own 2.71% 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.

See Also

Earnings History and Estimates for Crocs (NASDAQ:CROX)

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