In the latest quarter, 9 analysts provided ratings for Crocs CROX, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 2 | 1 | 0 | 0 |
| Last 30D | 2 | 1 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 1 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $126.11, a high estimate of $145.00, and a low estimate of $95.00. This upward trend is apparent, with the current average reflecting a 10.87% increase from the previous average price target of $113.75.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Crocs is derived from recent analyst actions. The following is a detailed summary of 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 | $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 |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Crocs. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Crocs compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Crocs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Crocs's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Crocs analyst ratings.
Get to Know Crocs Better
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.
Understanding the Numbers: Crocs's Finances
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Crocs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.15% as of 30 September, 2023, showcasing a substantial increase in 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.93%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Crocs's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.81% ROE, the company effectively utilizes shareholder equity capital.
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.
The Significance of Analyst Ratings Explained
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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