Posted by admin on May 26th, 2022

Crocs, Inc. (NASDAQ:CROX – Get Rating) Director Thomas J. Smach purchased 5,000 shares of the stock in a transaction on Wednesday, May 25th. The stock was acquired at an average cost of $49.99 per share, for a total transaction of $249,950.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $499,900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CROX stock traded up $2.52 during mid-day trading on Thursday, reaching $53.28. The company’s stock had a trading volume of 1,904,808 shares, compared to its average volume of 1,894,023. The stock has a market cap of $3.28 billion, a PE ratio of 4.81, a P/E/G ratio of 0.34 and a beta of 1.85. The company has a current ratio of 1.96, a quick ratio of 1.19 and a debt-to-equity ratio of 8.17. Crocs, Inc. has a fifty-two week low of $47.33 and a fifty-two week high of $183.88. The company’s 50 day moving average is $68.80 and its two-hundred day moving average is $104.21.

Crocs (NASDAQ:CROX – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The textile maker reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.49. The company had revenue of $660.15 million during the quarter, compared to the consensus estimate of $621.81 million. Crocs had a net margin of 27.85% and a return on equity of 206.72%. Crocs’s quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. On average, analysts forecast that Crocs, Inc. will post 10.53 earnings per share for the current fiscal year.

Several equities research analysts have commented on the stock. B. Riley lowered their price target on shares of Crocs from $153.00 to $128.00 in a report on Friday, May 6th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 14th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and lowered their target price for the stock from $150.00 to $80.00 in a research note on Monday, April 4th. TheStreet lowered shares of Crocs from a “b-” rating to a “c+” rating in a research note on Friday, February 4th. Finally, Robert W. Baird lowered their target price on shares of Crocs from $200.00 to $120.00 in a research note on Thursday, May 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $128.10.

Hedge funds have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC raised its holdings in Crocs by 100.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 400 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Crocs in the 4th quarter valued at about $32,000. Koshinski Asset Management Inc. increased its holdings in shares of Crocs by 1,716.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 436 shares of the textile maker’s stock worth $33,000 after buying an additional 412 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Crocs during the 4th quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Crocs during the 1st quarter worth approximately $36,000. Institutional investors own 90.14% 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 clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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