Crocs (NASDAQ:CROX) Announces Quarterly Earnings Results

Crocs (NASDAQ:CROX) released its quarterly earnings data on Tuesday. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.13 by $0.47, Briefing.com reports. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $3.25 EPS. The business’s revenue was up 1.6% on a year-over-year basis.

Crocs Trading Up 0.6 %

Shares of CROX traded up $0.63 during mid-day trading on Wednesday, reaching $112.21. 350,763 shares of the company’s stock traded hands, compared to its average volume of 1,311,066. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The stock’s 50-day moving average is $137.69 and its two-hundred day moving average is $138.65. Crocs has a 12 month low of $74.00 and a 12 month high of $165.32. The stock has a market cap of $6.66 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.35 and a beta of 1.99.

Analyst Ratings Changes

A number of equities analysts recently commented on CROX shares. Piper Sandler reissued an “overweight” rating and set a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Guggenheim started coverage on shares of Crocs in a research report on Wednesday, October 9th. They issued a “buy” rating and a $182.00 price target on the stock. KeyCorp increased their price objective on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Finally, StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.62.

Insider Buying and Selling

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now owns 81,254 shares in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Crocs Company Profile

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.