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How to Buy Crocs Stock

Crocs Inc

Crocs, Inc. , together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children.

Crocs stock last closed at $154.53, up 0.29% from the previous day, and has increased 33.67% in one year. It has underperformed other stocks in the Footwear & Accessories industry by 0.35 percentage points. Crocs stock is currently +108.82% from its 52-week low of $74.00, and -2.26% from its 52-week high of $158.11.

As of Jun 11, 2024, there are 60.7M shares of CROX outstanding. The market value of CROX is $9.38B. In the last 24 hours, 1.01M CROX shares were traded.

How to Buy Crocs Stock

Wondering how to invest in Crocs stock? Here's how.
  1. Decide where to buy Crocs stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Crocs stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Pick your method of payment and add your info.
  4. Evaluate Crocs stock: The Crocs ticker symbol is CROX. Is Crocs stock a good investment? Should you buy shares of CROX? How do CROX's underlying business fundamentals look? Do top analysts think Crocs is a good buy? Why has CROX's stock price moved recently? (Hint: Our stock analysis website can help you understand if CROX is a good stock to buy).
  5. Make your CROX purchase: Decide if you will purchase CROX shares at the current market price or use a limit order to purchase CROX shares at a given price.
  6. Get key alerts regarding your CROX investment: Create a watchlist to key updates about your investment in Crocs shares.

Step 1: Decide where to buy Crocs stock

You will need an online brokerage account in order to access the NASDAQ market and buy CROX stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked the best brokerage, you need to fill out some personal info so you can invest in CROX today.

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Step 3: Fund your investment account

Now that you've filled out your info on the best stock trading app, you need to deposit funds:

Check out the walkthrough below if you need help transferring funds into your new brokerage account.

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Step 4: Evaluate Crocs stock

After you have selected the best place to buy Crocs stock, it's very important to analyze their stock prior to investing, so you truly understand the risk and opportunity.

Crocs stock data

CROX Price
$154.53
1w %
3.91%
1y %
33.67%
5y %
682.03%
P/E
11.88x
P/B
5.87x
P/S
2.33x
PEG
5.33x
Revenue
$4.02B
Earnings
$795.48M
Fore. Rev. Growth
3.91%
Fore. Earn. Growth
2.48%
Market Cap
$9.38B
Next Earnings
Jul 25, 2024
Next Dividend
N/A

Fundamentals of CROX

WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on CROX's stock page.

Is CROX stock undervalued or overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge CROX's fair value.

Using relative valuations metrics:

  • CROX could be undervalued based on its P/E ratio of 11.88x, relative to Footwear & Accessories industry P/E ratio of 35.63x
  • CROX may be undervalued based on its P/B ratio of 5.87x, relative to Footwear & Accessories industry P/B ratio of 7.86x
  • CROX may be overvalued based on its PEG ratio of 5.33x

You can do additional valuation analysis on CROX's stock here.

How do CROX Financials look?

Positive Financial Indicators:

  • CROX's operating cash flow of $892.94M allows it to safely service it's debt of $2.06B.
  • Total CROX debt is lower than 5 years ago, relative to shareholder equity.
  • CROX profit margin has gone up from 16.3% to 19.8% in the past year.
  • There are more short-term assets than short-term liabilities on the CROX balance sheet.
  • CROX earnings of $1.03B is not sufficient to cover its interest payments.

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the CROX balance sheet.
  • CROX has a relatively high debt to equity ratio of 2.

Do analysts think it's a good time to buy Crocs stock

Out of 9 sell side analysts who give recommendations on CROX, the consensus analyst rating on CROX is a Strong Buy

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent CROX Analyst Upgrades/Downgrades

Jeff Kessler, a top 8% analyst from B. Riley Securities maintains CROX with a hold rating and raises their CROX price target from $95.00 to $122.00, on Apr 10, 2024.

Christopher Nardone, a top 35% analyst from Bank of America maintains CROX with a strong buy rating and raises their CROX price target from $140.00 to $150.00, on Mar 20, 2024.

Abbie Zvejnieks, a top 23% analyst from Piper Sandler maintains CROX with a strong buy rating and raises their CROX price target from $135.00 to $140.00, on Feb 16, 2024.

Piper Sandler's Abbie Zvejnieks raised their price target on Crocs (NASDAQ: CROX) by 3.7% from $135 to $140 on 2024/02/16. The analyst maintained their Strong Buy rating on the stock.

Zvejnieks' price target hike followed an assessment of Crocs' 2024/02/15-dated Q4 and FY 2023 earnings report and participation in the earnings call.

The analyst predicted that FY 2024 will be a "beat-and-raise cadence year" for the company, thanks to the Crocs Brand's ongoing success, especially in international markets. 

Piper Sandler takes an "optimistic outlook" on valuation, Zvejnieks noted.

Earnings Report

Crocs reported:

For Q4 2023:

  • EPS of $2.58, which beat the Zacks Consensus Estimate of $2.38 but missed, by 2.6%, Q4 2022’s $2.65.
  • Revenues of $960.7M, which missed the Zacks Consensus Estimate of $967M but beat, by 1.6%, Q4 2022’s $945.2M.
  • Crocs Brand segment revenue of $732.46M, up 10% Y/Y.
  • HEYDUDE Brand segment revenue of $227.6M, down 18.5% Y/Y.
  • Operating margin of 24.1%.

For FY 2023:

  • EPS of $12.03, up 10.2% Y/Y.
  • Revenue of $3.96B, up 11.5% Y/Y.
  • Crocs Brand segment revenue of $3B, up 13.3% Y/Y.
  • HEYDUDE Brand segment revenue of $949M, up 6.0% Y/Y.
  • Operating margin of 27.7%.
  • Capex of $116M, up 11.5% Y/Y.

Management guided:

For Q1 2024:

  • EPS of of $2.15 to $2.25.
  • Revenues to be down 1.5% to up 0.5% Y/Y.
  • Crocs Brand segment revenue growth of 6% to 8%.
  • HEYDUDE Brand segment revenue growth of 23% to 20%.
  • Operating margin of 22%.

For FY 2024:

  • EPS of of $12.05 to $12.50.
  • Revenue growth of 3% to 5%.
  • Crocs Brand’s segment revenue growth of 4% to 6%.
  • Flat to slightly up HEYDUDE Brand revenue growth.
  • Operating margin of 25%.
  • Capex of $120M to $130M.

CEO Andrew Rees commented: "We delivered a record year for Crocs Inc. capped off by a strong Q4 that exceeded expectations across all metrics.

“Revenue of nearly $4B grew over 11%, underpinned by industry-leading operating margins and double-digit EPS growth. 

“Crocs Brand grew across all regions and channels, highlighting the power of our strategy and disciplined execution.

“We made good progress in Q4 towards returning our HEYDUDE Brand to a pull-market position resulting in improved gross margins and healthy inventory levels exiting the year.

"We are starting off 2024 from a position of strength and taking the opportunity to reinvest into several key strategic areas as we continue to lay the foundation for durable market share gains."

Rick Patel, a top 2% analyst from Raymond James maintains CROX with a strong buy rating and raises their CROX price target from $120.00 to $145.00, on Feb 16, 2024.

You can dig deeper into what analysts are forecasting on the Crocs stock forecast page.

CROX Momentum

SMA10
151.99
SMA20
148.23
SMA50
136.8
SMA100
127.59
SMA200
110.2
MACD
4.55
MACD Signal
4.86
MACD Histogram
-0.31
RSI
63.95
Stochastic %K
66.98
Stochastic %D
56.5
StochRSI %K
34.36
StochRSI %D
17.78

CROX Earnings

Last year, CROX earnings were $795.48M. During the last four year, CROX's earnings have increased by 70.76% per year. This was faster than the Footwear & Accessories industry average of 11.18%.

Last year, CROX revenue was $4.02B. During the last 5 year, CROX's revenue has increased by 29.54% per year. This was faster than the Footwear & Accessories industry average of 12.24%.

You can research CROX's earnings and revenue performance here.

Latest Insiders Trades at CROX

Over the last 12 months, executives and large shareholders at CROX have sold more shares than they have bought.

Adam Michaels, EVP Chief Digital Officer of CROX, was the latest CROX insider to sell. They sold $332,476.96 worth of CROX stock on May 28, 2024.

Dig into more about who owns CROX shares here.

Can I get consistent income from CROX stock?

No, Crocs doesn't provide an income stream by paying out dividends.

What do other investors have to say about CROX?

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Make your CROX purchase

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.

Press the Open button and your broker will place the order.

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Step 6: Get key alerts regarding your CROX investment

Now that you own some CROX shares, you'll want to keep up with your new investment.

Create a watchlist to get notified of the latest news about your CROX stock.

CROX Feed

How to Buy Stock in Crocs

To reiterate, here are the 6 steps you need to take to buy Crocs stock right now:

  1. Decide where to buy Crocs stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Evaluate Crocs stock
  5. Make your CROX purchase
  6. Get key alerts regarding your CROX investment

If you require a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your investment in Crocs, create a watchlist on WallStreetZen today.

NASDAQ: CROX
$154.53+0.45 (+0.29%)
Updated Jun 11, 2024
Open eToro Account
NASDAQ: CROX
$154.53+0.45 (+0.29%)
Updated Jun 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Crocs share?

As of Jun 11, 2024, it costs $154.53 to buy one share of Crocs stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.647 shares of CROX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Crocs stock?

According to 9 Wall Street analysts who monitor Crocs, their consensus recommendation is to buy Crocs stock.

What is the best way to buy Crocs stock?

One way to place an order for Crocs stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.