The Vanguard Group, Inc. has recently announced that it has increased stake in Crocs Inc. (NASDAQ:CROX) by 0.37%. After grabbing 5.54 million shares, the institutional investor is now in possession of 20660.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 8.97% having worth around $674.17 million. Moreover, Marshall Wace LLP increased its share by 0.31 million to have a control over 2.03 million shares. And SSgA Funds Management, Inc. raised its holdings to 27232.0 shares by acquiring 1.97 million shares or 3.20% of the stake.
Crocs Inc. (CROX) concluded trading on 03/16/23 at a closing price of $121.26, with 1.69 million shares of worth about $204.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 58.68% during that period and on Thursday the price saw a gain of about 3.26%. Currently the company’s common shares owned by public are about 61.75M shares, out of which, 60.06M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the CROX stock and their offered price forecasts bring an average price target of $150.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $185.00 and could fall to a lowest price of $118.00. The stock’s current price level is 19.34% above of average price target set by the analysts, while a rise to estimated low would result in loss of -2.76% for the stock. However, touching the estimated high of $185.00 would mean a gain of 34.45% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 49,584 shares in 16 of the transactions. In 50 selling transactions, insiders dumped 212,375 shares.
iShares Core S&P Mid Cap ETF, Fidelity Blue Chip Growth Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Crocs Inc. iShares Core S&P Mid Cap ETF is currently holding 1.93 million shares of worth totaling $234.56 million. The company recently came buying 4368.0 shares which brought its stake up to 3.12% of the company’s outstanding shares. Fidelity Blue Chip Growth Fund sold -0.25 million shares, after which its hold over company’s outstanding shares shrunk to 3.04%, leaving 1.87 million shares with the mutual fund that have a worth of about $228.18 million. Vanguard Total Stock Market Index, after buying 1.8 million shares, have now control over 2.91% of the stake in the company. It holds 14146.0 shares of worth $218.96 million.
Crocs Inc. (NASDAQ: CROX) started trading at $116.32, below -$1.11 from concluding price of the previous day. However, the stock later moved at a day high price of 122.08, or with a gain of 3.26%. Stock saw a price change of 1.36% in past 5 days and over the past one month there was a price change of -0.96%. Year-to-date (YTD), CROX shares are showing a performance of 11.83% which increased to 67.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.08 but also hit the highest price of $143.50 during that period. The average intraday trading volume for Crocs Inc. shares is 1.57 million. The stock is currently trading -1.17% below its 20-day simple moving average (SMA20), while that difference is up 0.25% for SMA50 and it goes to 40.25% higher than SMA200.
The Vanguard Group, Inc. acquired 5.54 million shares of Crocs Inc. having value of about $674.17 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 20660.0 shares in the company valued at close to $2505231.6, or have control over 0.37% stake in the company. Crocs Inc. (NASDAQ: CROX) currently have 61.75M outstanding shares and institutions hold larger chunk of about 87.50% of that. Holding of mutual funds in the company is about 45.03% while other institutional holders and individual stake holders have control over 47.44% and 26.50% of the stake respectively.
The stock has a current market capitalization of $7.77B and its 3Y-monthly beta is at 1.96. PE ratio of stock for trailing 12 months is 13.95, while it has posted earnings per share of $8.69 in the same period. Its PEG reads 1.40 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 2.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CROX, volatility over the week remained 5.44% while standing at 4.78% over the month.
Analysts are in expectations that Crocs Inc. (CROX) stock would likely to be making an EPS of $2.26 in the current quarter, while forecast for next quarter EPS is $2.04 and it is $10.9 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.15 which is $2.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -23.50% while it is estimated to increase by 15.21% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 168.30% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Crocs Inc. (CROX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 11 Wall Street analysts, 6 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by Piper Sandler stated Crocs Inc. (CROX) stock as an Overweight in their note to investors on July 26, 2022, suggesting a price target of $90 for the stock. On July 05, 2022, Loop Capital Upgrade their recommendations, while on April 29, 2022, Wedbush Initiated their ratings for the stock with a price target of $90. Stock get a Hold rating from Loop Capital on April 04, 2022.
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