Crocs (NASDAQ:CROX) posted its quarterly earnings results on Monday. The textile maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.27, RTT News reports. The company had revenue of $411.50 million during the quarter, compared to the consensus estimate of $408.71 million. Crocs had a return on equity of 102.93% and a net margin of 12.08%. The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS.
Shares of CROX stock opened at $80.01 on Wednesday. The firm has a market cap of $5.40 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.35 and a beta of 1.77. Crocs has a fifty-two week low of $8.40 and a fifty-two week high of $84.09. The business’s 50 day moving average price is $75.15 and its 200-day moving average price is $57.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.07 and a current ratio of 1.70.
In other news, CEO Andrew Rees sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, January 7th. The stock was sold at an average price of $70.12, for a total value of $357,612.00. Following the completion of the transaction, the chief executive officer now owns 849,848 shares in the company, valued at approximately $59,591,341.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 88,600 shares of company stock worth $6,604,246. Corporate insiders own 2.32% of the company’s stock.
Several research analysts have recently weighed in on the company. Piper Sandler increased their price target on Crocs from $71.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 12th. UBS Group increased their price target on Crocs from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 17th. They noted that the move was a valuation call. Loop Capital increased their price objective on Crocs from $75.00 to $90.00 in a report on Tuesday, January 19th. Pivotal Research increased their price objective on Crocs from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, February 19th. Finally, Stifel Nicolaus increased their price objective on Crocs from $56.00 to $76.00 and gave the stock a “hold” rating in a report on Tuesday, January 12th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.30.
Crocs Company Profile
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.
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