Crocs (NASDAQ:CROX – Get Free Report) had its target price raised by equities researchers at Needham & Company LLC from $132.00 to $150.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s target price points to a potential upside of 13.23% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Seaport Research Partners boosted their price target on shares of Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday. Wedbush started coverage on shares of Crocs in a report on Monday, June 8th. They issued an “outperform” rating on the stock. Robert W. Baird upgraded shares of Crocs from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $150.00 in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft started coverage on Crocs in a research note on Monday, June 8th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group lowered shares of Crocs from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.00.
View Our Latest Analysis on Crocs
Crocs Trading Down 2.7%
Crocs (NASDAQ:CROX – Get Free Report) last released its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. The business had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Research analysts expect that Crocs will post 13.66 earnings per share for the current fiscal year.
Insider Activity at Crocs
In related news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the sale, the chief executive officer directly owned 743,293 shares in the company, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Institutional Investors Weigh In On Crocs
Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC increased its holdings in Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after buying an additional 157 shares during the last quarter. Torren Management LLC purchased a new stake in Crocs during the 4th quarter worth about $39,000. Parallel Advisors LLC lifted its holdings in Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after buying an additional 186 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after acquiring an additional 663 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Crocs during the 4th quarter worth about $68,000. 93.44% of the stock is owned by hedge funds and other institutional investors.
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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