Guggenheim has recently initiated Crocs Inc (CROX) stock to Buy rating, as announced on October 9, 2024, according to Finviz. Earlier, on August 23, 2024, Piper Sandler had resumed the stock to Overweight, setting a price target of $170. Raymond James also reduced Outperform rating with a price target of $164. Additionally, Monness Crespi & Hardt reiterated Buy rating on May 8, 2024, with a target price of $170. Barclays analysts, in their report published on April 1, 2024, also initiated Overweight rating and set a price target of $167 for Crocs Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Crocs Inc (CROX) Stock Trading Recap
On Wednesday, Crocs Inc (CROX) stock saw a decline, ending the day at $131.29 which represents a decrease of $-1.06 or -0.80% from the prior close of $132.35. The stock opened at $132.57 and touched a low of $130.35 during the day, reaching a high of $134.85. The volume of shares traded was 0.77 million falling short of the average volume of 1.14 million.
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CROX Stock Performance and Moving Averages
In recent trading, Crocs Inc (CROX) stock price has shown some volatility, fluctuating -4.54% over the last five trades and -9.35% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 4.39%, and it has gained 4.91% in the previous three months. Currently, CROX is trading at -5.45%, -4.91%, and -0.54% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CROX, a Consumer Cyclical sector stock, is trading -20.58% below its 52-week high but remains 77.42% above its 52-week low. The Average True Range (ATR) (14 days) of 4.61 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Crocs Inc’s Profitability and Valuation Ratios
Crocs Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 25.76% and a profit margin of 20.02%, with a gross margin of 4.39%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Crocs Inc’s market capitalization stands at $7.80 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 9.87, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 9.39. Additionally, the Price-to-Sales Ratio is 1.92, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.73, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.66% of Crocs Inc (CROX)’s shares, while financial institutions hold 94.06%.
Notable insider trades include TREFF DOUGLAS J, Director at Crocs Inc (CROX), who sold 10594 shares on Aug 08 ’24, at $132.38 each, totaling $1.40 million. On Jun 17 ’24, MEHLMAN ANNE, EVP of CROCS Brand, sold 7150 shares for $159.01 each, amounting to $1.14 million. Additionally, on Jun 17 ’24, Rees Andrew sold 10000 shares at $160.15 each, generating $1.60 million.
