KeyCorp Forecasts Crocs’ FY2024 Earnings (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROX) – Investment analysts at KeyCorp issued their FY2024 earnings per share estimates for shares of Crocs in a research note issued on Wednesday, January 22nd. KeyCorp analyst A. Owens anticipates that the textile maker will post earnings per share of $12.91 for the year. KeyCorp has a “Overweight” rating and a $120.00 price objective on the stock. The consensus estimate for Crocs’ current full-year earnings is $12.93 per share. KeyCorp also issued estimates for Crocs’ Q4 2024 earnings at $2.26 EPS and FY2025 earnings at $12.92 EPS.

Other research analysts also recently issued research reports about the company. Needham & Company LLC initiated coverage on Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price on the stock. Monness Crespi & Hardt reduced their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. UBS Group reduced their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays lowered their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Crocs Trading Down 1.4 %

Shares of CROX opened at $103.59 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs has a 1-year low of $94.50 and a 1-year high of $165.32. The firm’s 50-day moving average price is $107.68 and its 200-day moving average price is $122.87. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.79 and a beta of 1.95.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $3.25 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. increased its position in shares of Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. raised its position in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC grew its position in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares during the period. Avior Wealth Management LLC increased its stake in shares of Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Crocs during the third quarter valued at $73,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In related news, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the purchase, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 31.71 % 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. Also, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company 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.