Assessing Crocs: Insights From 6 Financial Analysts

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In the preceding three months, 6 analysts have released ratings for Crocs CROX, presenting a wide array of perspectives from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 2 0 0 0
Last 30D 1 0 0 0 0
1M Ago 2 0 0 0 0
2M Ago 1 1 0 0 0
3M Ago 0 1 0 0 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $120.83, a high estimate of $132.00, and a low estimate of $110.00. This upward trend is apparent, with the current average reflecting a 12.4% increase from the previous average price target of $107.50.

Understanding Analyst Ratings: A Comprehensive Breakdown

An in-depth analysis of recent analyst actions unveils how financial experts perceive Crocs. The following summary 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
Rick Patel Raymond James Raises Strong Buy $120.00 $115.00
Jim Duffy Stifel Raises Buy $132.00 $121.00
Christopher Nardone B of A Securities Announces Buy $128.00 -
Tom Nikic Wedbush Raises Outperform $120.00 $96.00
Rick Patel Raymond James Raises Strong Buy $115.00 $98.00
Rick Patel Raymond James Announces Outperform $110.00 -

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Crocs. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Crocs compared to the broader market.
  • Price Targets: Analysts provide insights into price targets, offering 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.

All You Need to Know About Crocs

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 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.

Revenue Growth: Crocs's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 6.15%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.

Net Margin: Crocs's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 16.93%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Crocs's ROE stands out, surpassing industry averages. With an impressive ROE of 14.81%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Crocs's ROA stands out, surpassing industry averages. With an impressive ROA of 3.85%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.91, caution is advised due to increased financial risk.

Analyst Ratings: Simplified

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.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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