Crocs (CROX) Expected to Announce Quarterly Earnings on Thursday

Crocs (NASDAQ:CROX) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Crocs to post earnings of $2.27 per share and revenue of $961.10 million for the quarter. Persons that wish to register 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 stock has a 50-day simple moving average of $106.69 and a 200-day simple moving average of $120.19. The stock has a market capitalization of $5.29 billion, a P/E ratio of 6.58, a PEG ratio of 1.67 and a beta of 1.93. Crocs has a 1 year low of $89.61 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Robert W. Baird lowered their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday. Guggenheim reduced their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Needham & Company LLC initiated coverage on Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price for the company. Finally, Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.47.

Insider Activity at Crocs

In related news, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.72% of the stock is currently owned by corporate 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.