Analysts predict that Crocs, Inc. (NASDAQ:CROX) will report sales of $213.40 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Crocs’ earnings, with the lowest sales estimate coming in at $212.10 million and the highest estimate coming in at $214.10 million. Crocs reported sales of $199.11 million during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The firm is scheduled to issue its next earnings results on Wednesday, February 27th.

On average, analysts expect that Crocs will report full-year sales of $1.09 billion for the current year, with estimates ranging from $1.08 billion to $1.09 billion. For the next year, analysts forecast that the business will post sales of $1.13 billion, with estimates ranging from $1.13 billion to $1.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Crocs.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company had revenue of $261.10 million for the quarter, compared to the consensus estimate of $246.47 million. Crocs had a net margin of 3.08% and a return on equity of 17.27%. Crocs’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) EPS.

CROX has been the topic of several research analyst reports. Piper Jaffray Companies set a $31.00 target price on shares of Crocs and gave the stock a “buy” rating in a research report on Tuesday, December 4th. UBS Group raised shares of Crocs to a “neutral” rating in a report on Monday, November 12th. Pivotal Research set a $25.00 price objective on shares of Crocs and gave the company a “buy” rating in a report on Tuesday, November 6th. BidaskClub raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 5th. Finally, Susquehanna Bancshares raised shares of Crocs from a “neutral” rating to a “positive” rating and set a $28.80 price objective on the stock in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Crocs has an average rating of “Buy” and a consensus target price of $22.11.

In other Crocs news, insider Daniel P. Hart sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $30.00, for a total transaction of $750,000.00. Following the completion of the transaction, the insider now directly owns 276,875 shares in the company, valued at $8,306,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 75,000 shares of company stock valued at $2,100,000. Company insiders own 2.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund raised its holdings in Crocs by 2.0% during the fourth quarter. Texas Permanent School Fund now owns 43,714 shares of the textile maker’s stock worth $1,136,000 after purchasing an additional 869 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Crocs by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 871,795 shares of the textile maker’s stock worth $22,649,000 after purchasing an additional 30,811 shares in the last quarter. BlackRock Inc. raised its holdings in Crocs by 0.6% during the fourth quarter. BlackRock Inc. now owns 10,192,033 shares of the textile maker’s stock worth $264,789,000 after purchasing an additional 64,014 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Crocs by 26.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,282 shares of the textile maker’s stock worth $85,000 after purchasing an additional 679 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Crocs by 18.7% during the fourth quarter. Acadian Asset Management LLC now owns 583,415 shares of the textile maker’s stock worth $15,158,000 after purchasing an additional 91,859 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CROX traded down $0.25 during trading hours on Friday, hitting $26.80. 53,190 shares of the company were exchanged, compared to its average volume of 1,169,439. The company has a market cap of $1.81 billion, a PE ratio of -1,337.00, a P/E/G ratio of 1.71 and a beta of 0.67. Crocs has a 52-week low of $12.02 and a 52-week high of $31.88.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Earnings History and Estimates for Crocs (NASDAQ:CROX)

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