Crocs Inc (CROX) Shares Decline Despite Market Challenges

Crocs Inc (NASDAQ: CROX)’s stock price has gone decline by -2.05 in comparison to its previous close of 141.66, however, the company has experienced a -0.92% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that PVH’s fourth-quarter fiscal 2023 results exceed estimates, driven by the PVH+ Plan, which led to gross margin expansion and adjusted EPS growth.

Is It Worth Investing in Crocs Inc (NASDAQ: CROX) Right Now?

The price-to-earnings ratio for Crocs Inc (NASDAQ: CROX) is above average at 10.83x. The 36-month beta value for CROX is also noteworthy at 2.02. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”

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The public float for CROX is 58.26M, and at present, short sellers hold a 9.45% of that float. The average trading volume of CROX on April 04, 2024 was 1.51M shares.

CROX’s Market Performance

CROX’s stock has seen a -0.92% decrease for the week, with a 11.37% rise in the past month and a 47.98% gain in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are at 2.83% for Crocs Inc. The simple moving average for the past 20 days is 4.06% for CROX’s stock, with a 33.93% simple moving average for the past 200 days.

Analysts’ Opinion of CROX

Many brokerage firms have already submitted their reports for CROX stocks, with Barclays repeating the rating for CROX by listing it as a “Overweight.” The predicted price for CROX in the upcoming period, according to Barclays is $167 based on the research report published on April 01, 2024 of the current year 2024.

KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see CROX reach a price target of $130. The rating they have provided for CROX stocks is “Overweight” according to the report published on February 07th, 2024.

BofA Securities gave a rating of “Buy” to CROX, setting the target price at $128 in the report published on December 12th of the previous year.

CROX Trading at 16.42% from the 50-Day Moving Average

After a stumble in the market that brought CROX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.30% of loss for the given period.

Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares surge +13.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.92% upper at present.

During the last 5 trading sessions, CROX fell by -0.92%, which changed the moving average for the period of 200-days by +20.57% in comparison to the 20-day moving average, which settled at $134.19. In addition, Crocs Inc saw 48.55% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CROX starting from REPLOGLE JOHN B, who purchase 1,972 shares at the price of $126.75 back on Mar 14 ’24. After this action, REPLOGLE JOHN B now owns 3,153 shares of Crocs Inc, valued at $249,949 using the latest closing price.

Poole Michelle, the President of Crocs Inc, sale 5,074 shares at $124.98 during a trade that took place back on Mar 12 ’24, which means that Poole Michelle is holding 52,966 shares at $634,144 based on the most recent closing price.

Stock Fundamentals for CROX

Current profitability levels for the company are sitting at:

  • 0.26 for the present operating margin
  • 0.56 for the gross margin

The net margin for Crocs Inc stands at 0.2. The total capital return value is set at 0.27. Equity return is now at value 69.77, with 17.33 for asset returns.

Based on Crocs Inc (CROX), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 1.19. The interest coverage ratio of the stock is 6.48.

Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 1.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.58. The receivables turnover for the company is 11.96for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.

Conclusion

In summary, Crocs Inc (CROX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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