Crocs Inc. (NASDAQ:CROX) shares traded 4.39% higher at $117.37 on Wall Street last session.
In accordance with the data, 13 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 $112.43, this indicates a potential upside of 38.75 percent. CROX stock price is now 3.34% away from the 50-day moving average and 8.97% away from the 200-day moving average. The market capitalization of the company currently stands at $7.21B.
It has been rated a hold by 5 analysts and a buy by 7. Brokers who have rated the stock have averaged $154.60 as their price target over the next twelve months.
In other news, Poole Michelle, President sold 8,832 shares of the company’s stock on May 31. The stock was sold for $980,352 at an average price of $111.00. Upon completion of the transaction, the President now directly owns 110,209 shares in the company, valued at $12.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, President Poole Michelle sold 10,125 shares of the business’s stock. A total of $1,092,456 was realized by selling the stock at an average price of $107.90. This leaves the insider owning 119,041 shares of the company worth $13.97 million. Insiders disposed of 469,061 shares of company stock worth roughly $55.05 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 $60,007,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $36,964,000 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 $19,953,000. ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in CROX for approximately $15,960,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in CROX valued at around $15,258,000 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 $112.76 on Monday. During the past 12 months, Crocs Inc. has had a low of $51.63 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 $9.70B, which is based on a 11.88 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 1.91. The fifty day moving average price for CROX is $112.97 and a two-hundred day moving average price translates $107.91 for the stock.
The latest earnings results from Crocs Inc. (NASDAQ: CROX) was released for Mar, 2023. 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.
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.
