FY2024 EPS Estimates for Crocs Decreased by Seaport Res Ptn

Crocs, Inc. (NASDAQ:CROX) – Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for shares of Crocs in a report released on Tuesday, October 29th. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings per share of $12.91 for the year, down from their previous forecast of $12.95. The consensus estimate for Crocs’ current full-year earnings is $12.94 per share. Seaport Res Ptn also issued estimates for Crocs’ Q4 2024 earnings at $2.25 EPS, FY2025 earnings at $12.91 EPS and FY2026 earnings at $13.95 EPS.

A number of other brokerages have also recently weighed in on CROX. Monness Crespi & Hardt decreased their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays lowered their price objective on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group reduced their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday. Robert W. Baird decreased their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.00.

Crocs Price Performance

CROX stock opened at $106.21 on Friday. The firm has a 50 day simple moving average of $135.60 and a two-hundred day simple moving average of $138.11. The stock has a market cap of $6.19 billion, a PE ratio of 7.70, a P/E/G ratio of 1.10 and a beta of 1.99. Crocs has a one year low of $74.00 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.95.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $3.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year.

Insider Activity at Crocs

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the transaction, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Several large investors have recently made changes to their positions in the business. Nordea Investment Management AB increased its position in Crocs by 17.0% during the 1st quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock valued at $7,292,000 after buying an additional 7,448 shares in the last quarter. Boston Partners purchased a new position in shares of Crocs in the 1st quarter worth about $10,771,000. Russell Investments Group Ltd. boosted its stake in Crocs by 78.2% in the 1st quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock worth $5,053,000 after purchasing an additional 15,418 shares in the last quarter. Motley Fool Asset Management LLC purchased a new stake in Crocs during the 1st quarter valued at about $1,387,000. Finally, Virtu Financial LLC purchased a new position in Crocs in the second quarter worth about $3,358,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.