Crocs Inc. (NASDAQ:CROX) shares traded 0.22% higher at $104.32 on Wall Street last session.
In accordance with the data, 12 analysts cover Crocs Inc. (NASDAQ:CROX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $124.00, we find $156.00. Given the previous closing price of $104.09, this indicates a potential upside of 49.87 percent. CROX stock price is now -15.59% away from the 50-day moving average and 1.65% away from the 200-day moving average. The market capitalization of the company currently stands at $6.85B.
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It has been rated a hold by 4 analysts and a buy by 6. Brokers who have rated the stock have averaged $154.60 as their price target over the next twelve months.
In other news, Rees Andrew, Chief Executive Officer sold 10,000 shares of the company’s stock on Apr 24. The stock was sold for $1,500,546 at an average price of $150.05. Upon completion of the transaction, the Chief Executive Officer now directly owns 89,748 shares in the company, valued at $9.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18, Chief Executive Officer Rees Andrew sold 10,836 shares of the business’s stock. A total of $1,521,472 was realized by selling the stock at an average price of $140.41. This leaves the insider owning 99,748 shares of the company worth $10.41 million. Insiders disposed of 424,483 shares of company stock worth roughly $44.28 million over the past 1 year. A total of 2.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CROX stock. A new stake in Crocs Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $53,335,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $32,854,000 in shares of CROX during the first quarter. In the first quarter, STORMBORN CAPITAL MANAGEMENT, LLC acquired a new stake in Crocs Inc. valued at approximately $17,734,000. ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in CROX for approximately $14,186,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in CROX valued at around $13,562,000 in the second quarter. In total, there are 562 active investors with 87.50% ownership of the company’s stock.
Crocs Inc. (NASDAQ: CROX) opened at $104.35 on Thursday. During the past 12 months, Crocs Inc. has had a low of $46.08 and a high of $151.32. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 1.80, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $10.09B, which is based on a 10.56 price-to-earnings ratio, a 1.06 price-to-earnings-growth ratio, and a beta of 1.95. The fifty day moving average price for CROX is $123.32 and a two-hundred day moving average price translates $102.79 for the stock.
The latest earnings results from Crocs Inc. (NASDAQ: CROX) was released for Mar, 2023. According to the Footwear & Accessories Company, earnings per share came in at $2.61, beating analysts’ expectations of $2.15 by 0.46. This compares to $1.19 EPS in the same period last year. The net profit margin was 16.30% and return on equity was 84.80% for CROX. The company reported revenue of $884.17 million for the quarter, compared to $660.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.93 percent. For the current quarter, analysts expect CROX to generate $1.05B in revenue.
Crocs Inc.(CROX) Company Profile
Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, shoe charms, and slippers under the Crocs brand name. The company sells its products in approximately 85 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces. Crocs, Inc. was founded in 1999 and is headquartered in Broomfield, Colorado.
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