Crocs, Inc. (NASDAQ:CROX – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $113.44 and last traded at $112.72, with a volume of 56856 shares. The stock had previously closed at $110.44.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on CROX shares. BTIG Research started coverage on Crocs in a research note on Tuesday, March 10th. They issued a “neutral” rating on the stock. Williams Trading upgraded Crocs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. UBS Group boosted their target price on Crocs from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Robert W. Baird set a $110.00 target price on Crocs in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.73.
View Our Latest Research Report on Crocs
Crocs Price Performance
Crocs (NASDAQ:CROX – Get Free Report) last issued its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same quarter in the previous year, the firm posted $3.00 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, analysts forecast that Crocs, Inc. will post 13.67 EPS for the current fiscal year.
Institutional Investors Weigh In On Crocs
Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC raised its holdings in Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 157 shares during the period. Torren Management LLC bought a new position in shares of Crocs in the fourth quarter worth $39,000. Parallel Advisors LLC increased its holdings in shares of Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after purchasing an additional 186 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Crocs in the third quarter worth $48,000. Finally, IMA Advisory Services Inc. increased its holdings in shares of Crocs by 72.7% in the third quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock worth $54,000 after purchasing an additional 272 shares during the period. Institutional investors own 93.44% of the company’s stock.
About Crocs
Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.
Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.
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