20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Across the recent three months, 8 analysts have shared their insights on Crocs (NASDAQ:CROX), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $138.5, a high estimate of $167.00, and a low estimate of $95.00. Marking an increase of 14.74%, the current average surpasses the previous average price target of $120.71.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Crocs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jeff Kessler | B. Riley Securities | Raises | Neutral | $122.00 | $95.00 |
| Adrienne Yih | Barclays | Announces | Overweight | $167.00 | - |
| Chandana Madaka | Keybanc | Raises | Overweight | $149.00 | $130.00 |
| Christopher Nardone | B of A Securities | Raises | Buy | $150.00 | $140.00 |
| Jeff Kessler | B. Riley Securities | Raises | Neutral | $95.00 | $93.00 |
| Abbie Zvejnieks | Piper Sandler | Raises | Overweight | $140.00 | $135.00 |
| Rick Patel | Raymond James | Raises | Strong Buy | $145.00 | $120.00 |
| Jim Duffy | Stifel | Raises | Buy | $140.00 | $132.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Crocs. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Crocs compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Crocs's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Crocs's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Crocs analyst ratings.
Delving into Crocs's Background
Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include the Americas, Asia Pacific, and EMEA.
Crocs's Economic Impact: An Analysis
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Crocs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.58% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Crocs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.41% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Crocs's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 19.11% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 5.5%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 1.37, Crocs faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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