Crocs (NASDAQ:CROX – Free Report) had its price objective upped by Bank of America from $145.00 to $160.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.
A number of other equities research analysts also recently weighed in on CROX. Needham & Company LLC raised their price target on Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Scotiabank initiated coverage on Crocs in a report on Monday, June 8th. They issued an “outperform” rating for the company. The Goldman Sachs Group lowered Crocs from a “sell” rating to a “neutral” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Crocs in a report on Monday, June 8th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus boosted their target price on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.
Check Out Our Latest Report on CROX
Crocs Price Performance
Crocs (NASDAQ:CROX – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same quarter last year, the company posted $3.00 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. On average, equities research analysts anticipate that Crocs will post 13.66 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC increased its holdings in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after buying an additional 157 shares during the period. Torren Management LLC purchased a new stake in Crocs during the 4th quarter valued at about $39,000. Parallel Advisors LLC boosted its holdings in Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares during the period. National Bank of Canada FI grew its position in 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 during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Crocs during the 4th quarter worth approximately $68,000. 93.44% of the stock is owned by institutional investors.
Key Stories Impacting Crocs
Here are the key news stories impacting Crocs this week:
- Positive Sentiment: Needham raised its price target on Crocs to $150 and reiterated a Buy rating, signaling confidence in further upside. Street Insider article
- Positive Sentiment: Bank of America boosted its target to $160 and said sustained North American direct-to-consumer growth could support a higher valuation multiple. Proactive Investors article
- Positive Sentiment: Technical momentum remains strong, with CROX trading near recent highs after a sizable three-month advance and a new 52-week high earlier this month. Barchart article
- Neutral Sentiment: Investors are waiting for Q2 results, with expectations supported by brand strength, DTC growth and international momentum, but not enough clarity yet to call for a clear earnings beat. Zacks earnings preview
- Neutral Sentiment: Crocs’ stock has risen sharply over the past few months, but some investors are weighing whether the rally has already priced in much of the good news. Zacks strategy article
- Negative Sentiment: Tariff pressures, margin concerns and weakness in the HEYDUDE brand remain key headwinds that could limit upside if Q2 results disappoint. Zacks earnings preview
Crocs Company Profile
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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