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

Crocs (NASDAQ:CROX) issued its quarterly earnings results on Tuesday. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.47, Briefing.com reports. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The firm’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 2.3 %

Shares of Crocs stock opened at $109.00 on Thursday. The stock’s fifty day moving average is $137.05 and its 200-day moving average is $138.45. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. Crocs has a 12-month low of $74.00 and a 12-month high of $165.32. The firm has a market capitalization of $6.47 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99.

Analyst Ratings Changes

Several equities analysts recently commented on CROX shares. Loop Capital reduced their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday. Wedbush restated an “outperform” rating and set a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Piper Sandler reiterated an “overweight” rating and set a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. Guggenheim reduced their target price on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle acquired 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John B. Replogle purchased 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

About Crocs

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.