Crocs, Inc. (NASDAQ:CROX) Stock Has Average Target Price of $139.10

Crocs, Inc. (NASDAQ:CROX) has received an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $139.10.

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their target price on Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a report on Friday, July 24th. Robert W. Baird set a $163.00 price target on Crocs in a research note on Friday, July 31st. Weiss Ratings downgraded Crocs from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Bank of America raised their target price on shares of Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Seaport Research Partners lifted their target price on shares of Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, July 20th.

Insider Activity

In other Crocs news, Director Beth J. Kaplan bought 885 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were bought at an average price of $112.12 per share, for a total transaction of $99,226.20. Following the acquisition, the director directly owned 15,259 shares of the company’s stock, valued at approximately $1,710,839.08. This trade represents a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Rees sold 19,072 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the sale, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC raised 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 valued at $27,000 after buying an additional 157 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Crocs during the 2nd quarter worth $42,000. Allworth Financial LP bought a new stake in shares of Crocs during the 2nd quarter valued at $53,000. Persistent Asset Partners Ltd bought a new stake in shares of Crocs during the 2nd quarter valued at $55,000. Finally, State of Wyoming acquired a new position in shares of Crocs in the 2nd quarter valued at $89,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Down 0.9%

CROX stock opened at $123.44 on Tuesday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.04 and a beta of 1.52. Crocs has a 1-year low of $73.21 and a 1-year high of $141.28. The firm has a fifty day moving average price of $125.82 and a two-hundred day moving average price of $113.24. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted ($8.82) EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts predict that Crocs will post 13.95 EPS for the current year.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.

Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.