Crocs, Inc. (NASDAQ:CROX) – Stock analysts at B. Riley increased their Q1 2021 earnings per share estimates for shares of Crocs in a research note issued on Monday, April 19th. B. Riley analyst S. Anderson now forecasts that the textile maker will earn $0.87 per share for the quarter, up from their previous estimate of $0.82. B. Riley has a “Buy” rating and a $93.00 price target on the stock. B. Riley also issued estimates for Crocs’ Q3 2021 earnings at $0.86 EPS, FY2021 earnings at $3.84 EPS, FY2022 earnings at $4.14 EPS and FY2025 earnings at $5.78 EPS.
Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Monday, February 22nd. The textile maker reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.27. Crocs had a return on equity of 102.93% and a net margin of 12.08%. The company had revenue of $411.50 million during the quarter, compared to the consensus estimate of $408.71 million. During the same period in the previous year, the firm posted $0.12 EPS. Crocs’s revenue was up 56.5% on a year-over-year basis.
Crocs stock opened at $81.25 on Wednesday. The stock has a fifty day moving average price of $78.99 and a 200 day moving average price of $68.25. Crocs has a 52 week low of $18.97 and a 52 week high of $86.40. The firm has a market capitalization of $5.32 billion, a P/E ratio of 37.10, a PEG ratio of 1.35 and a beta of 1.77. The company has a current ratio of 1.70, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59.
Large investors have recently added to or reduced their stakes in the business. Tsfg LLC acquired a new stake in shares of Crocs during the 4th quarter valued at approximately $31,000. Vantage Consulting Group Inc acquired a new stake in shares of Crocs during the fourth quarter worth $33,000. Archer Investment Corp bought a new position in shares of Crocs in the 4th quarter worth about $39,000. Optimum Investment Advisors acquired a new position in shares of Crocs in the 4th quarter valued at about $47,000. Finally, Harvest Fund Management Co. Ltd grew its position in shares of Crocs by 48.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,673 shares of the textile maker’s stock valued at $104,000 after buying an additional 549 shares during the last quarter. 95.34% of the stock is currently owned by institutional investors.
In related news, Director Ian Bickley sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $82.31, for a total value of $823,100.00. Following the sale, the director now directly owns 62,116 shares of the company’s stock, valued at $5,112,767.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Rees sold 40,000 shares of the stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $80.35, for a total transaction of $3,214,000.00. Following the transaction, the chief executive officer now owns 937,307 shares in the company, valued at $75,312,617.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,016 shares of company stock worth $4,942,725. Insiders own 2.32% of the company’s stock.
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 sandals, wedges, flips, slides clogs, charms, and shoes under the Crocs brand name.
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