At the time of writing, Crocs Inc [CROX] stock is trading at $129.96, up 1.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CROX shares have gain 2.57% over the last week, with a monthly amount glided 6.85%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Crocs, Inc. Delivers Record Fourth Quarter and Full Year 2023 Revenue and EPS. In a post published today on Yahoo Finance, Reiterates Full Year 2024 Revenue Growth of 3% to 5%.
From an analyst’s perspective:
Crocs Inc [NASDAQ: CROX] stock has seen the most recent analyst activity on February 07, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $130. Previously, BofA Securities started tracking the stock with Buy rating on December 12, 2023, and set its price target to $128. On November 28, 2023, upgrade upgraded it’s rating to Strong Buy and revised its price target to $115 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $110 on October 20, 2023. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $101 on September 07, 2023. Stifel upgraded its rating to Buy for this stock on July 28, 2023, and downed its price target to $130. In a note dated June 14, 2023, Raymond James initiated an Mkt Perform rating.
For the past year, the stock price of Crocs Inc fluctuated between $74.00 and $151.32. Currently, Wall Street analysts expect the stock to reach $115.8 within the next 12 months. Crocs Inc [NASDAQ: CROX] shares were valued at $129.96 at the most recent close of the market. An investor can expect a potential drop of -10.9% based on the average CROX price forecast.
Analyzing the CROX fundamentals
According to Crocs Inc [NASDAQ:CROX], the company’s sales were 3.96B for trailing twelve months, which represents an 1.58% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.66 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 127.08 points at the first support level, and at 124.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 132.04, and for the 2nd resistance point, it is at 134.12.
Crocs Inc [CROX] reported earnings per share of $2.58 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.37/share, meaning a difference of $0.21 and a surprise factor of 8.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.25 per share as compared to estimates of $3.1 per share, a difference of $0.15 representing a surprise of 4.80%.
Ratios To Look Out For
It is important to note that Crocs Inc [NASDAQ:CROX] has a current ratio of 1.30. Further, the Quick Ratio stands at 0.75, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.98, the price to book ratio is 5.41 and price to earnings (TTM) ratio is 10.14.
Transactions by insiders
Recent insider trading involved REPLOGLE JOHN B, Director, that happened on Mar 14 ’24 when 1972.0 shares were purchased. President, Poole Michelle completed a deal on Mar 12 ’24 to sell 5074.0 shares. Meanwhile, Executive Vice President Hart Daniel P sold 10000.0 shares on Feb 23 ’24.
