Crocs (NASDAQ:CROX – Free Report) had its price objective upped by Seaport Research Partners from $135.00 to $160.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the textile maker’s stock.
Several other research analysts have also weighed in on the company. UBS Group raised Crocs from a “neutral” rating to a “buy” rating in a research report on Monday, June 8th. Robert W. Baird upgraded Crocs from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $150.00 in a research report on Monday, June 8th. Needham & Company LLC lifted their target price on Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada started coverage on Crocs in a report on Monday, June 8th. They issued an “overweight” rating on the stock. Finally, Wedbush began coverage on shares of Crocs in a research report on Monday, June 8th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $125.00.
Get Our Latest Stock Analysis on CROX
Crocs Price Performance
Crocs (NASDAQ:CROX – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate 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 positive return on equity of 48.29% and a negative net margin of 2.58%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $3.00 EPS. 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, equities analysts anticipate that Crocs will post 13.67 EPS for the current fiscal year.
Insider Buying and Selling at Crocs
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 completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.
Hedge Funds Weigh In On Crocs
Several institutional investors have recently bought and sold shares of the stock. Step Capital Management Pte. Ltd. bought a new position in Crocs in the 4th quarter worth approximately $1,710,000. Marshall Financial Group LLC acquired a new position in shares of Crocs during the fourth quarter worth approximately $1,237,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of Crocs in the fourth quarter valued at approximately $1,736,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock valued at $2,564,000 after acquiring an additional 14,393 shares during the period. Finally, Himalaya Capital Management LLC acquired a new stake in shares of Crocs in the fourth quarter worth $53,720,000. 93.44% of the stock is currently owned by 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.
Read More
- Five stocks we like better than Crocs
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.
