Crocs, Inc. (NASDAQ:CROX – Get Free Report)’s stock price shot up 6% during trading on Friday . The company traded as high as $125.77 and last traded at $126.03. 133,489 shares were traded during trading, a decline of 89% from the average daily volume of 1,263,398 shares. The stock had previously closed at $118.88.
Wall Street Analysts Forecast Growth
CROX has been the topic of a number of recent research reports. Wells Fargo & Company began coverage on Crocs in a research note on Monday, June 8th. They set a “buy” rating on the stock. Wedbush initiated coverage on Crocs in a report on Monday, June 8th. They set an “outperform” rating on the stock. UBS Group raised Crocs from a “neutral” rating to a “buy” rating in a research note on Monday, June 8th. Barclays increased their price objective on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Piper Sandler upgraded shares of Crocs from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $150.00 in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average price target of $125.00.
Check Out Our Latest Analysis on CROX
Crocs Price Performance
Crocs (NASDAQ:CROX – Get Free Report) last announced its earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating the consensus estimate of $2.78 by $0.21. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The business had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same period in the prior year, the business posted $3.00 earnings per share. The firm’s 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. As a group, sell-side analysts expect that Crocs, Inc. will post 13.67 earnings per share for the current year.
Insiders Place Their Bets
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 stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.
Institutional Investors Weigh In On Crocs
Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its position in shares of Crocs by 5.7% during the first quarter. Pacer Advisors Inc. now owns 339,478 shares of the textile maker’s stock valued at $28,183,000 after buying an additional 18,220 shares during the last quarter. 7G Capital Management LLC purchased a new position in Crocs during the 1st quarter worth $3,445,000. Bank of America Corp DE grew its stake in shares of Crocs by 130.1% in the 1st quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker’s stock worth $28,397,000 after acquiring an additional 193,426 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of Crocs by 16.7% in the 1st quarter. Edgestream Partners L.P. now owns 26,045 shares of the textile maker’s stock worth $2,162,000 after acquiring an additional 3,722 shares in the last quarter. Finally, Amundi raised its holdings in shares of Crocs by 191.1% in the first quarter. Amundi now owns 12,011 shares of the textile maker’s stock valued at $997,000 after purchasing an additional 7,885 shares during the last quarter. Institutional investors and hedge funds 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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