Crocs (NASDAQ:CROX) Issues Quarterly Earnings Results

Crocs (NASDAQ:CROX) issued its quarterly earnings data on Thursday. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25, Zacks reports. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs updated its FY 2025 guidance to 12.700-13.150 EPS and its Q1 2025 guidance to 2.380-2.520 EPS.

Crocs Price Performance

CROX traded up $19.01 during midday trading on Thursday, reaching $107.84. 4,702,643 shares of the company’s stock were exchanged, compared to its average volume of 1,551,088. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The business has a 50-day simple moving average of $105.75 and a two-hundred day simple moving average of $119.68. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93. Crocs has a one year low of $88.25 and a one year high of $165.32.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Guggenheim dropped their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. UBS Group decreased their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price target on shares of Crocs in a research report on Thursday. Finally, Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.33.

About Crocs

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.