FY2024 EPS Estimates for Crocs Increased by Seaport Res Ptn

Crocs, Inc. (NASDAQ:CROX) – Investment analysts at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for Crocs in a report issued on Wednesday, February 5th. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will earn $12.94 per share for the year, up from their prior forecast of $12.91. The consensus estimate for Crocs’ current full-year earnings is $12.92 per share. Seaport Res Ptn also issued estimates for Crocs’ Q4 2024 earnings at $2.28 EPS.

Several other research analysts have also recently issued reports on the stock. KeyCorp reduced their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Barclays reduced their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. UBS Group reduced their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Saturday, January 11th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.47.

Crocs Stock Performance

CROX opened at $90.76 on Monday. The firm has a 50 day moving average of $106.69 and a two-hundred day moving average of $120.19. The firm has a market capitalization of $5.29 billion, a PE ratio of 6.58, a P/E/G ratio of 1.67 and a beta of 1.93. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs has a 12-month low of $89.61 and a 12-month high of $165.32.

Insider Buying and Selling

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Crocs

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. grew its holdings in Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC increased its position in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Crocs during the third quarter worth about $73,000. 93.44% of the stock is 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.