Crocs (NASDAQ:CROX) Announces Quarterly Earnings Results, Beats Estimates By $0.47 EPS

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

Crocs Stock Down 0.0 %

Shares of NASDAQ:CROX traded down $0.01 during trading hours on Wednesday, hitting $111.57. The company’s stock had a trading volume of 1,685,952 shares, compared to its average volume of 1,317,424. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.35 and a beta of 1.99. 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 firm’s fifty day moving average price is $137.69 and its 200 day moving average price is $138.65.

Analysts Set New Price Targets

CROX has been the topic of several recent analyst reports. KeyCorp lifted 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. UBS Group dropped their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Robert W. Baird decreased their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Guggenheim assumed coverage on Crocs in a research report on Wednesday, October 9th. They issued a “buy” rating and a $182.00 price target for the company. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus price target of $156.77.

Insider Transactions at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John B. Replogle purchased 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

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.