What is Seaport Res Ptn’s Forecast for Crocs Q3 Earnings?

Crocs, Inc. (NASDAQ:CROX) – Stock analysts at Seaport Res Ptn upped their Q3 2024 earnings per share estimates for Crocs in a report issued on Tuesday, October 22nd. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will earn $3.15 per share for the quarter, up from their previous estimate of $3.10. The consensus estimate for Crocs’ current full-year earnings is $12.88 per share.

CROX has been the topic of a number of other research reports. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective on the stock. in a report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $170.00 target price on shares of Crocs in a report on Monday, July 29th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Finally, KeyCorp boosted their price objective on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and an average target price of $162.58.

Crocs Stock Performance

NASDAQ CROX opened at $133.75 on Friday. The firm has a market cap of $8.12 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $138.18 and its 200-day moving average is $138.62. Crocs has a 12-month low of $74.00 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.42. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.59 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its position in Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the period. UMB Bank n.a. grew its stake in shares of 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 purchasing an additional 120 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in 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 purchasing an additional 142 shares during the period. Finally, Blue Trust Inc. raised its position in Crocs by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 162 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle bought 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the transaction, the director now directly owns 7,064 shares in the company, valued at $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John B. Replogle bought 1,996 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $123.96 per share, with a total value of $247,424.16. Following the purchase, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the sale, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale 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.