In the last three months, 11 analysts have published ratings on Crocs (NASDAQ:CROX), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 5 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 4 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 2 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $152.73, a high estimate of $187.00, and a low estimate of $122.00. This current average reflects an increase of 8.94% from the previous average price target of $140.20.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Crocs by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Christopher Nardone | B of A Securities | Raises | Buy | $187.00 | $160.00 |
| Tom Nikic | Wedbush | Raises | Outperform | $170.00 | $156.00 |
| Adrienne Yih | Barclays | Raises | Overweight | $169.00 | $167.00 |
| Jim Duffy | Stifel | Raises | Buy | $158.00 | $140.00 |
| Jay Sole | UBS | Raises | Neutral | $148.00 | $124.00 |
| Tom Nikic | Wedbush | Raises | Outperform | $156.00 | $154.00 |
| Tom Nikic | Wedbush | Maintains | Outperform | $154.00 | $154.00 |
| Jay Sole | UBS | Raises | Neutral | $124.00 | $117.00 |
| Sam Poser | Williams Trading | Lowers | Hold | $125.00 | $135.00 |
| Jeff Kessler | B. Riley Securities | Raises | Neutral | $122.00 | $95.00 |
| Adrienne Yih | Barclays | Announces | Overweight | $167.00 | - |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, 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.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Crocs's market standing. Stay informed and make data-driven decisions with 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 the Americas, Asia Pacific, and EMEA.
Breaking Down Crocs's Financial Performance
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 6.16% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.24%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Crocs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.99%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Crocs's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.23% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 1.29, Crocs faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.