Crocs Inc. [NASDAQ: CROX] gained 6.84% or 8.64 points to close at $134.91 with a heavy trading volume of 4494527 shares. The company report on January 10, 2022 that Crocs, Inc. Announces Expected Record Annual Revenue Growth of ~67%.
Raises 2021 Non-GAAP Operating Margin Guidance to Nearly 30%.
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Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for women, men, and children, today announced it expects record 2021 revenues with approximately 67% growth compared to 2020.
It opened the trading session at $131.72, the shares rose to $136.81 and dropped to $130.492, the range by which the price of stock traded the whole day. The daily chart for CROX points out that the company has recorded 16.58% gains over the past six months. However, it is still -106.38% lower than its most recent low trading price.
If we look at the average trading volume of 1.65M shares, CROX reached to a volume of 4494527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Crocs Inc. [CROX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CROX shares is $203.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CROX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Monness Crespi & Hardt have made an estimate for Crocs Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 15, 2021. While these analysts kept the previous recommendation, Monness Crespi & Hardt raised their target price from $125 to $160. The new note on the price target was released on July 23, 2021, representing the official price target for Crocs Inc. stock. Previously, the target price had yet another raise from $132 to $152, while B. Riley Securities kept a Buy rating on CROX stock. On April 28, 2021, analysts increased their price target for CROX shares from 91 to 125.
The Average True Range (ATR) for Crocs Inc. is set at 7.97, with the Price to Sales ratio for CROX stock in the period of the last 12 months amounting to 3.80. The Price to Book ratio for the last quarter was 23.71, with the Price to Cash per share for the same quarter was set at 7.25. Price to Free Cash Flow for CROX in the course of the last twelve months was 19.41 with Quick ratio for the last quarter at 2.00.
Trading performance analysis for CROX stock
Crocs Inc. [CROX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.44. With this latest performance, CROX shares dropped by -14.02% in over the last four-week period, additionally plugging by 16.58% over the last 6 months – not to mention a rise of 76.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CROX stock in for the last two-week period is set at 47.25, with the RSI for the last a single of trading hit 53.43, and the three-weeks RSI is set at 45.21 for Crocs Inc. [CROX]. The present Moving Average for the last 50 days of trading for this stock 154.69, while it was recorded at 127.63 for the last single week of trading, and 129.77 for the last 200 days.
Crocs Inc. [CROX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Crocs Inc. [CROX] shares currently have an operating margin of +17.24 and a Gross Margin at +52.69. Crocs Inc.’s Net Margin is presently recorded at +22.57.
Return on Total Capital for CROX is now 40.18, given the latest momentum, and Return on Invested Capital for the company is 57.19. Return on Equity for this stock inclined to 148.09, with Return on Assets sitting at 33.69. When it comes to the capital structure of this company, Crocs Inc. [CROX] has a Total Debt to Total Equity ratio set at 128.50. Additionally, CROX Total Debt to Total Capital is recorded at 56.24, with Total Debt to Total Assets ending up at 33.38. Long-Term Debt to Equity for the company is recorded at 112.31, with the Long-Term Debt to Total Capital now at 49.15.
Reflecting on the efficiency of the workforce at the company, Crocs Inc. [CROX] managed to generate an average of $68,013 per employee. Receivables Turnover for the company is 9.87 with a Total Asset Turnover recorded at a value of 1.49.Crocs Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.60.
Crocs Inc. [CROX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CROX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Crocs Inc. go to 10.00%.
An analysis of insider ownership at Crocs Inc. [CROX]
There are presently around $7,406 million, or 97.00% of CROX stock, in the hands of institutional investors. The top three institutional holders of CROX stocks are: BLACKROCK INC. with ownership of 6,991,185, which is approximately -13.375% of the company’s market cap and around 2.90% of the total institutional ownership; FMR LLC, holding 6,660,895 shares of the stock with an approximate value of $898.62 million in CROX stocks shares; and VANGUARD GROUP INC, currently with $803.05 million in CROX stock with ownership of nearly -6.269% of the company’s market capitalization.
Positions in Crocs Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 188 institutional holders increased their position in Crocs Inc. [NASDAQ:CROX] by around 5,301,574 shares. Additionally, 177 investors decreased positions by around 7,688,958 shares, while 55 investors held positions by with 41,904,679 shares. The mentioned changes placed institutional holdings at 54,895,211 shares, according to the latest SEC report filing. CROX stock had 77 new institutional investments in for a total of 1,642,145 shares, while 32 institutional investors sold positions of 683,778 shares during the same period.