In the last three months, a group of seven analysts, employed by prominent Wall Street banks, have shared their insights on the performance of Crocs (NASDAQ:CROX) stock. These analysts dedicate their time to thoroughly understanding a company’s operations in order to make predictions about its stock performance in the coming year.
The latest ratings from these analysts regarding Crocs are as follows: one analyst is bullish, five analysts are somewhat bullish, one analyst is indifferent, and there are no analysts who are somewhat bearish or bearish about the stock.
Collectively, these seven analysts have an average price target of $136.57 for Crocs, which is higher than the current price of $90.0, suggesting potential upside. This average price target has increased by 9.26% compared to the previous average of $125.00.
To form their opinions, analysts rely on various sources of information such as company conference calls, meetings, financial statements, and discussions with key insiders. They may also provide predictions for important metrics like earnings, revenue, and growth estimates, which can provide additional guidance for investors. However, it is crucial to remember that while these analysts are experts in their field, they are still human and their forecasts are based on their own beliefs and perspectives.
Crocs, Inc.
CROX
Strong Buy
Updated on: 29/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Buy
CROX Stock Shows Positive Performance and Promising Growth in Revenue and Earnings
On September 19, 2023, CROX stock experienced a positive performance, with the stock opening at $88.04, slightly higher than the previous day’s closing price of $87.65. Throughout the day, the stock traded within a range of $88.04 to $90.36. The total volume of shares traded was 95,386, which is significantly lower than the average volume of 1,793,220 shares over the past three months.
CROX, or Crocs Inc., is a company that designs, manufactures, and sells casual footwear and accessories for men, women, and children. With a market capitalization of $5.4 billion, the company has shown promising growth in its revenue and earnings.
CROX’s revenue growth has been impressive, with a significant increase of 53.67% last year. This growth indicates that the company has been successful in attracting customers and increasing sales. The positive revenue growth is likely contributing to the overall positive sentiment surrounding the stock.
When considering the valuation of CROX stock, the price-to-earnings (P/E) ratio is an important metric to consider. Currently, the P/E ratio for CROX is 8.4, which suggests that the stock may be undervalued relative to its earnings. Additionally, the price-to-sales ratio is 1.89, indicating that investors are willing to pay $1.89 for every dollar of sales generated by the company. The price-to-book ratio, which compares the stock’s market value to its book value, is 6.64.
CROX’s headquarters are located in Broomfield, Colorado. The company has not disclosed any executives to display, which may be a factor to consider when evaluating the stock’s performance.
In comparison to other companies in the same industry, CROX’s stock performance on September 19, 2023, was positive. Deckers Outdoor Corp (DECK) experienced a 0.85% increase, while Nike (NKE) saw a decline of 0.86%.
Investors and analysts will be eagerly awaiting CROX’s next reporting date on October 19, 2023. The company is expected to report earnings per share (EPS) of $3.14 for the current quarter. In the previous year, CROX generated annual revenue of $3.6 billion and a profit of $540.2 million, resulting in a net profit margin of 15.19%.
Overall, CROX’s stock performance on September 19, 2023, demonstrated positive momentum, with the stock trading higher than the previous day’s close and showing potential for future growth based on its earnings and revenue figures. Investors will continue to monitor the company’s performance and upcoming earnings reports to make informed investment decisions.
CROX Stock Shows Strong Performance and Positive Outlook for Future Growth
CROX stock has been performing well on September 19, 2023, according to data from CNN Money. The 10 analysts offering 12-month price forecasts for CROX have a median target of $131.50, with a high estimate of $185.00 and a low estimate of $101.00. This indicates a potential increase of 46.47% from the last recorded price of $89.78.
The current consensus among 13 polled investment analysts is to buy stock in Crocs Inc. This rating has remained steady since September, indicating a continued positive sentiment towards the company’s stock.
Crocs Inc reported earnings per share of $3.14 for the current quarter, with sales reaching $1.1 billion. The company is set to release its next earnings report on October 19.
Crocs Inc, known for its iconic foam clogs, has seen a resurgence in popularity in recent years. The brand has successfully repositioned itself as a fashionable and comfortable footwear option, appealing to a wide range of consumers.
One of the key factors contributing to the positive outlook for CROX stock is the company’s strong financial performance. The reported earnings per share of $3.14 for the current quarter indicate robust profitability. Additionally, the sales figure of $1.1 billion highlights the company’s ability to generate substantial revenue.
The 12-month price forecasts provided by analysts suggest that there is still room for growth in CROX stock. With a median target of $131.50, analysts expect the stock to increase by 46.47% from its current price. The high estimate of $185.00 indicates even greater potential upside for investors.
The consensus among investment analysts to buy stock in Crocs Inc further supports the positive outlook for the company. This indicates that experts in the field believe that the stock has the potential to outperform the market and deliver strong returns for investors.
Investors should keep an eye on Crocs Inc and its upcoming earnings report on October 19. This report will provide valuable insights into the company’s financial performance and may impact the stock’s future performance.
Overall, CROX stock has been performing well on September 19, 2023, with positive price forecasts and a consensus buy rating from analysts. The company’s strong financial performance and growing popularity make it an attractive investment option for those looking for potential growth in the footwear industry.
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