Crocs (CROX) to Release Quarterly Earnings on Thursday

Crocs (NASDAQ:CROX) is projected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.27 per share and revenue of $961.10 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Crocs Stock Down 2.8 %

Shares of NASDAQ:CROX opened at $90.76 on Tuesday. The company’s fifty day moving average is $106.69 and its two-hundred day moving average is $120.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs has a 1-year low of $89.61 and a 1-year high of $165.32. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93.

Analyst Ratings Changes

Several research firms recently weighed in on CROX. Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. UBS Group cut their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird lowered their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Finally, KeyCorp lowered their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.47.

Insiders Place Their Bets

In other news, CFO Susan L. Healy acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the purchase, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.72% of the stock is owned by 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.