A Look at Crocs Inc. (CROX) Shares in the Recent Past Indicates Growth

Crocs Inc. (NASDAQ: CROX) stock fell -0.42% on Monday to $87.62 against a previous-day closing price of $87.99. With 1.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.89 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $88.98 whereas the lowest price it dropped to was $86.63. The 52-week range on CROX shows that it touched its highest point at $151.32 and its lowest point at $65.17 during that stretch. It currently has a 1-year price target of $134.20. Beta for the stock currently stands at 1.91.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CROX was down-trending over the past week, with a drop of -5.53%, but this was down by -5.24% over a month. Three-month performance dropped to -20.31% while six-month performance fell -26.93%. The stock gained 13.19% in the past year, while it has lost -19.19% so far this year. A look at the trailing 12-month EPS for CROX yields 10.70 with Next year EPS estimates of 13.00. For the next quarter, that number is 3.08. This implies an EPS growth rate of -23.50% for this year and 7.60% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 168.30%.

Float and Shares Shorts:

At present, 62.04 million CROX shares are outstanding with a float of 60.03 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.36 million, which was 10.31% higher than short shares on Jul 30, 2023. In addition to Mr. Andrew Rees as the firm’s CEO & Director, Ms. Michelle Poole serves as its Exec. VP & Brand Pres for Crocs.

Institutional Ownership:

Through their ownership of 91.54% of CROX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.66% of CROX, in contrast to 41.91% held by mutual funds. Shares owned by individuals account for 26.43%. As the largest shareholder in CROX with 8.88% of the stake, The Vanguard Group, Inc. holds 5,475,533 shares worth 5,475,533. A second-largest stockholder of CROX, BlackRock Fund Advisors, holds 5,313,667 shares, controlling over 8.62% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in CROX, holding 4,904,594 shares or 7.96% stake. With a 3.25% stake in CROX, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 2,002,290 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.95% of CROX stock, is the second-largest Mutual Fund holder. It holds 1,821,215 shares valued at 177.28 million. Vanguard Small Cap Index Fund holds 2.49% of the stake in CROX, owning 1,534,016 shares worth 149.32 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, CROX reported revenue of $964.58M and operating income of $247.96M. The EBITDA in the recently reported quarter was $257.33M and diluted EPS was $2.58.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CROX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CROX analysts setting a high price target of $185.00 and a low target of $101.00, the average target price over the next 12 months is $134.20. Based on these targets, CROX could surge 111.14% to reach the target high and rise by 15.27% to reach the target low. Reaching the average price target will result in a growth of 53.16% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CROX stock several times over the past three months with 18 Buys and 20 Sells. In these transactions, 39,208 shares were bought while 63,059 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 76 over the past year. The total number of shares bought during that period was 219,860 while 440,156 shares were sold.

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