Crocs, Inc. (NASDAQ:CROX – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $140.46 and last traded at $139.8350, with a volume of 66368 shares. The stock had previously closed at $134.89.
Wall Street Analysts Forecast Growth
CROX has been the topic of several recent analyst reports. Weiss Ratings upgraded Crocs from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Bank of America upped their price target on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. The Goldman Sachs Group reiterated a “sell” rating and issued a $95.00 price objective on shares of Crocs in a report on Friday, July 31st. Robert W. Baird set a $163.00 price target on shares of Crocs in a research note on Friday, July 31st. Finally, Barclays boosted their price objective on shares of Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.09.
Check Out Our Latest Report on CROX
Crocs Stock Performance
Crocs (NASDAQ:CROX – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, research analysts predict that Crocs, Inc. will post 13.97 EPS for the current fiscal year.
Insiders Place Their Bets
In other Crocs news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in CROX. LSV Asset Management grew its stake in shares of Crocs by 33.1% during the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after acquiring an additional 366,537 shares during the period. Dimensional Fund Advisors LP raised its stake in Crocs by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after acquiring an additional 11,630 shares during the period. AQR Capital Management LLC raised its stake in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after acquiring an additional 1,012,943 shares during the period. Alliancebernstein L.P. lifted its holdings in Crocs by 5.8% during the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after purchasing an additional 64,672 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Crocs by 78.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock valued at $77,651,000 after purchasing an additional 399,964 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.
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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