Crocs (NASDAQ:CROX) Sets New 1-Year Low – Time to Sell?

Crocs, Inc. (NASDAQ:CROX)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $73.52 and last traded at $74.1240, with a volume of 2048987 shares trading hands. The stock had previously closed at $78.85.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price objective on shares of Crocs from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barclays increased their price target on Crocs from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Piper Sandler cut Crocs from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $75.00 in a report on Monday, September 22nd. Bank of America reduced their target price on Crocs from $99.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, KeyCorp decreased their target price on Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $103.42.

Crocs Stock Down 6.0%

The business’s 50 day moving average is $82.25 and its 200 day moving average is $93.96. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.85 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.97 and a beta of 1.51.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, October 30th. The textile maker reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.56. The company had revenue of $996.30 million during the quarter, compared to analysts’ expectations of $960.14 million. Crocs had a net margin of 5.72% and a return on equity of 44.15%. Crocs’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.60 earnings per share. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. As a group, equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Susan L. Healy purchased 2,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $76.56 per share, with a total value of $153,120.00. Following the transaction, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. The trade was a 4.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Crocs

A number of hedge funds have recently modified their holdings of the stock. Chase Investment Counsel Corp boosted its stake in shares of Crocs by 25.0% during the 3rd quarter. Chase Investment Counsel Corp now owns 20,000 shares of the textile maker’s stock worth $1,671,000 after acquiring an additional 4,000 shares in the last quarter. AXQ Capital LP acquired a new position in Crocs in the 3rd quarter valued at about $349,000. EverSource Wealth Advisors LLC grew its holdings in shares of Crocs by 120.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,898 shares of the textile maker’s stock worth $159,000 after purchasing an additional 1,036 shares during the period. O Brien Greene & Co. Inc acquired a new stake in Crocs in the 3rd quarter valued at approximately $674,000. Finally, Legacy Financial Advisors Inc. lifted its stake in Crocs by 21.1% during the third quarter. Legacy Financial Advisors Inc. now owns 2,555 shares of the textile maker’s stock worth $213,000 after purchasing an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.