Crocs Inc (NASDAQ: CROX) closed the day trading at $124.81 up 2.09% from the previous closing price of $122.25. In other words, the price has increased by $+2.56 from its previous closing price. On the day, 1084225 shares were traded.
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Ratios:
For a better understanding of CROX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 50.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.27. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, KeyBanc Capital Markets on February 07, 2024, initiated with a Overweight rating and assigned the stock a target price of $130.
On December 12, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $128.
Raymond James Upgraded its Outperform to Strong Buy on November 28, 2023, whereas the target price for the stock was revised from $98 to $115.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 23 when Hart Daniel P sold 10,000 shares for $118.48 per share. The transaction valued at 1,184,823 led to the insider holds 219,293 shares of the business.
TREFF DOUGLAS J sold 8,997 shares of CROX for $1,061,646 on Feb 23. The Director now owns 90,773 shares after completing the transaction at $118.00 per share. On Feb 23, another insider, Bickley Ian, who serves as the Director of the company, sold 3,215 shares for $118.57 each. As a result, the insider received 381,203 and left with 28,600 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CROX now has a Market Capitalization of 7.55B and an Enterprise Value of 9.40B. As of this moment, Crocs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.74, and their Forward P/E ratio for the next fiscal year is 9.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 5.19. Its current Enterprise Value per Revenue stands at 2.37 whereas that against EBITDA is 8.61.
Stock Price History:
Over the past 52 weeks, CROX has reached a high of $151.32, while it has fallen to a 52-week low of $74.00. The 50-Day Moving Average of the stock is 104.66, while the 200-Day Moving Average is calculated to be 101.39.
Shares Statistics:
Over the past 3-months, CROX traded about 1.56M shares per day on average, while over the past 10 days, CROX traded about 1.22M shares per day. A total of 60.49M shares are outstanding, with a floating share count of 58.32M. Insiders hold about 3.60% of the company’s shares, while institutions hold 94.91% stake in the company. Shares short for CROX as of Feb 15, 2024 were 4.85M with a Short Ratio of 3.11, compared to 5.85M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.02% and a Short% of Float of 11.07%.
Earnings Estimates
Current recommendations for the stock of the company come from 14 analysts. On average, analysts expect EPS of $2.23 for the current quarter, with a high estimate of $2.34 and a low estimate of $2.19, while EPS last year was $2.61. The consensus estimate for the next quarter is $3.48, with high estimates of $3.87 and low estimates of $3.36.
Analysts are recommending an EPS of between $12.63 and $12.3 for the fiscal current year, implying an average EPS of $12.45. EPS for the following year is $13.59, with 14 analysts recommending between $14.4 and $12.69.
Revenue Estimates
13 analysts predict $879.37M in revenue for the current quarter. It ranges from a high estimate of $888.42M to a low estimate of $863.8M. As of the current estimate, Crocs Inc’s year-ago sales were $884.17M, an estimated decrease of -0.50% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $1.11B, an increase of 3.20% over than the figure of -$0.50% in the same quarter last year. There is a high estimate of $1.12B for the next quarter, whereas the lowest estimate is $1.1B.
A total of 13 analysts have provided revenue estimates for CROX’s current fiscal year. The highest revenue estimate was $4.18B, while the lowest revenue estimate was $3.98B, resulting in an average revenue estimate of $4.13B. In the same quarter a year ago, actual revenue was $3.96B, up 4.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $4.35B in the next fiscal year. The high estimate is $4.61B and the low estimate is $3.96B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
