In the last trading session, 1,028,350 shares of the Crocs, Inc. (NASDAQ:CROX) were traded, and its beta was 1.8. Most recently the company’s share price was $82.17, and it changed around $2.05 or 0.03% from the last close, which brings the market valuation of the company to $5.38 Billion. CROX currently trades at a discount to its 52-week high of $86.4, offering almost -5.15% off that amount. The share price’s 52-week low was $17.67, which indicates that the current value has risen by an impressive 78.5% since then. We note from Crocs, Inc.’s average daily trading volume that its 10-day average is 983.95 Million shares, with the 3-month average coming to 1.08 Million.
Crocs, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 10 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended CROX as a Hold, whereas 6 deemed it a Buy, and no one rated it as Underweight. Crocs, Inc. is expected to report earnings per share of $0.88 for the current quarter.
Crocs, Inc. (NASDAQ:CROX): Trading Information
Instantly CROX has showed a green trend with a performance of 2.56% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $83.29 on Tuesday, Apr 06 increased the stock’s daily price by 1.34%. The company’s shares are currently up 0.31% year-to-date, but still up 0.0975 over the last five days. On the other hand, Crocs, Inc. (NASDAQ:CROX) is 0.09% up in the 30-day period. We can see from the shorts that 3.23 Million shares have been sold at a short interest cover period of 2.99 day (s).
The consensus price target as assigned by Wall Street analysts is $95.11, which translates to bears needing to increase their stock price by 15.75% from its current value. Analyst projections state that CROX is forecast to be at a low of $76 and a high of $106. In order for the stock price to hit the forecast high, the stock would need to surge +29% from its current level, while the stock would need to crash -7.51% from its current level to reach the projected low.
Crocs, Inc. (CROX) projections and forecasts
Crocs, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +78.71 percent over the past six months and at a 20.81% annual growth rate that is well above the industry average of 14.7%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +300% in revenue this quarter, and will report an increase of 10.9% in the next quarter. The year-over-year growth rate is expected to be 24.5%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $414.23 Million in revenue for the current quarter. 8 analysts expect Crocs, Inc. to make $456.27 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $281.16 Million and $249.63 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 47.3%. Forecasts for the next quarter put sales growth at 82.8%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.7%. Crocs, Inc. earnings are expected to increase by 174.1% in 2021, but the outlook is positive 10% per year for the next five years.
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Crocs, Inc. (NASDAQ:CROX)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 2.73% of Crocs, Inc. shares, and 94.07% of them are in the hands of institutional investors. The stock currently has a share float of 96.71%. Crocs, Inc. stock is held by 398 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 16.6% of the shares, which is about 10.86 Million shares worth $680.63 Million.
FMR, LLC, with 11.1% or 7.27 Million shares worth $455.23 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Fidelity Blue Chip Growth Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 4520163 shares worth $346.79 Million, making up 6.91% of all outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held roughly 2.74 Million shares worth around $210.45 Million, which represents about 4.19% of the total shares outstanding.