Crocs (NASDAQ:CROX) Shares Down 12.4% – What’s Next?

Crocs, Inc. (NASDAQ:CROX) fell 12.4% on Thursday . The stock traded as low as $113.00 and last traded at $116.9450. Approximately 495,045 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,220,165 shares. The stock had previously closed at $133.52.

Key Stories Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Crocs reported adjusted earnings of $4.55 per share versus the $4.35 consensus estimate, while revenue reached a record $1.18 billion, above expectations of approximately $1.15 billion and up 2.6% year over year. The Crocs Brand surpassed $1 billion in quarterly revenue for the first time. Crocs Second-Quarter Results
• Positive Sentiment: Full-year 2026 guidance was raised. Crocs increased adjusted EPS guidance to $13.70-$14.00, above the prior consensus estimate of $13.67, while maintaining revenue expectations of roughly $4.1 billion. Management also authorized an additional $1.5 billion for share repurchases, leaving approximately $2 billion available for buybacks. Crocs Q2 Earnings Beat
• Positive Sentiment: Analysts remain constructive. Monness Crespi & Hardt raised its price target from $130 to $160 and assigned a Buy rating. Bank of America also reaffirmed its Buy rating and $160 target, citing brand momentum and potential margin upside. Bank of America Crocs Rating
• Neutral Sentiment: Growth was uneven across the portfolio. Direct-to-consumer and international demand helped results, but HEYDUDE revenue declined 5.7% to $179 million, highlighting continued challenges outside the core Crocs Brand.
• Negative Sentiment: Third-quarter guidance disappointed investors. Crocs projected adjusted EPS of $3.20-$3.30 and revenue of about $996 million, below Wall Street expectations of roughly $3.53-$3.55 in EPS and $1 billion in revenue. Tariff pressure and HEYDUDE weakness are expected to weigh on near-term profitability, overshadowing the quarterly beat and causing an initial selloff. Crocs Third-Quarter Guidance

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CROX. Wells Fargo & Company initiated coverage on shares of Crocs in a research note on Monday, June 8th. They set a “buy” rating on the stock. Royal Bank Of Canada assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued an “overweight” rating for the company. Piper Sandler restated an “overweight” rating on shares of Crocs in a report on Friday. Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Williams Trading set a $150.00 target price on shares of Crocs in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $135.09.

Crocs Price Performance

The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.28 and a beta of 1.55. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.49. The company has a 50 day moving average of $125.85 and a 200 day moving average of $103.36.

Crocs (NASDAQ:CROX) 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 company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.Crocs’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($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, equities research analysts anticipate that Crocs, Inc. will post 13.68 EPS for the current 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Step Capital Management Pte. Ltd. acquired a new stake in shares of Crocs in the 4th quarter valued at $1,710,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of Crocs during the fourth quarter worth $1,736,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Crocs by 92.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after purchasing an additional 14,393 shares in the last quarter. Himalaya Capital Management LLC acquired a new position in shares of Crocs during the fourth quarter worth $53,720,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Crocs in the fourth quarter valued at $3,800,000. Hedge funds and other institutional investors 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.