Crocs, Inc. to Post Q4 2021 Earnings of $2.01 Per Share, Piper Sandler Forecasts (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROX) – Research analysts at Piper Sandler increased their Q4 2021 earnings per share estimates for shares of Crocs in a report released on Wednesday, January 12th. Piper Sandler analyst E. Murphy now anticipates that the textile maker will post earnings per share of $2.01 for the quarter, up from their prior forecast of $1.42. Piper Sandler currently has a “Overweight” rating and a $246.00 target price on the stock. Piper Sandler also issued estimates for Crocs’ Q4 2023 earnings at $3.02 EPS.

A number of other equities research analysts have also recently commented on CROX. Zacks Investment Research raised Crocs from a “hold” rating to a “strong-buy” rating and set a $141.00 price objective for the company in a research note on Tuesday. UBS Group boosted their price objective on Crocs from $157.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, October 25th. Robert W. Baird boosted their price objective on Crocs from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 21st. Stifel Nicolaus restated a “hold” rating and issued a $157.00 target price (up from $151.00) on shares of Crocs in a research note on Friday, October 22nd. They noted that the move was a valuation call. Finally, Loop Capital boosted their target price on Crocs from $180.00 to $190.00 in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Crocs has an average rating of “Buy” and an average target price of $182.56.

Crocs stock opened at $122.54 on Friday. Crocs has a 12 month low of $65.37 and a 12 month high of $183.88. The company has a current ratio of 2.63, a quick ratio of 2.02 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $7.21 billion, a PE ratio of 10.65, a P/E/G ratio of 0.90 and a beta of 1.71. The stock has a 50-day moving average price of $151.60 and a two-hundred day moving average price of $143.79.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Wednesday, October 20th. The textile maker reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.59. The business had revenue of $625.92 million for the quarter, compared to analysts’ expectations of $609.75 million. Crocs had a return on equity of 142.28% and a net margin of 35.27%. The firm’s revenue for the quarter was up 73.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 EPS.

In related news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction on Friday, November 5th. The stock was sold at an average price of $180.19, for a total value of $1,801,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ian Bickley sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 4th. The stock was sold at an average price of $177.13, for a total value of $531,390.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,000 shares of company stock valued at $3,171,340. 2.42% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CROX. CIBC Asset Management Inc grew its position in Crocs by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,645 shares of the textile maker’s stock worth $380,000 after acquiring an additional 86 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Crocs by 0.6% during the third quarter. Meeder Asset Management Inc. now owns 15,445 shares of the textile maker’s stock valued at $2,216,000 after buying an additional 92 shares during the period. Wedbush Securities Inc. boosted its position in shares of Crocs by 4.8% during the fourth quarter. Wedbush Securities Inc. now owns 2,150 shares of the textile maker’s stock valued at $276,000 after buying an additional 99 shares during the period. Edmonds Duncan Registered Investment Advisors LLC boosted its position in shares of Crocs by 5.1% during the third quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 2,059 shares of the textile maker’s stock valued at $295,000 after buying an additional 100 shares during the period. Finally, National Asset Management Inc. boosted its position in shares of Crocs by 2.8% during the third quarter. National Asset Management Inc. now owns 4,177 shares of the textile maker’s stock valued at $600,000 after buying an additional 112 shares during the period. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

About Crocs

Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale and distribution of casual footwear, apparel, and accessories for men, women, and children. It operates through the following segments: Americas, Asia Pacific and Europe, Middle East & Africa (EMEA). The Americas segment consists of the revenues and expenses related to product sales in North and South America.

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Earnings History and Estimates for Crocs (NASDAQ:CROX)

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