Crocs (NASDAQ:CROX) Price Target Raised to $150.00

Crocs (NASDAQ:CROX) had its target price increased by Needham & Company LLC from $132.00 to $150.00 in a research report released on Friday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other research analysts have also commented on the company. Wells Fargo & Company initiated coverage on Crocs in a report on Monday, June 8th. They set a “buy” rating on the stock. Barclays lifted their price target on shares of Crocs from $109.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Royal Bank Of Canada began coverage on shares of Crocs in a report on Monday, June 8th. They set an “overweight” rating for the company. The Goldman Sachs Group downgraded shares of Crocs from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Piper Sandler upgraded shares of Crocs from a “neutral” rating to an “overweight” rating and upped their price target for the company from $95.00 to $150.00 in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Crocs Stock Performance

NASDAQ:CROX opened at $134.72 on Friday. The stock has a market cap of $6.69 billion, a PE ratio of -97.62, a price-to-earnings-growth ratio of 1.39 and a beta of 1.55. Crocs has a fifty-two week low of $73.21 and a fifty-two week high of $140.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The stock’s 50-day moving average is $123.11 and its two-hundred day moving average is $101.92.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative net margin of 2.58% and a positive return on equity of 48.29%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 earnings per share. 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 research analysts forecast that Crocs will post 13.66 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Crocs

Several institutional investors and hedge funds have recently bought and sold shares of CROX. AQR Capital Management LLC boosted its stake in Crocs by 399.0% in the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after buying an additional 1,012,943 shares in the last quarter. Norges Bank acquired a new position in Crocs during the fourth quarter worth $67,545,000. Himalaya Capital Management LLC bought a new position in shares of Crocs during the fourth quarter valued at $53,720,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 399,964 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Crocs by 33.1% in the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after purchasing an additional 366,537 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Key Crocs News

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Needham raised its price target on Crocs to $150 and reiterated a Buy rating, signaling confidence in further upside. Street Insider article
• Positive Sentiment: Bank of America boosted its target to $160 and said sustained North American direct-to-consumer growth could support a higher valuation multiple. Proactive Investors article
• Positive Sentiment: Technical momentum remains strong, with CROX trading near recent highs after a sizable three-month advance and a new 52-week high earlier this month. Barchart article
• Neutral Sentiment: Investors are waiting for Q2 results, with expectations supported by brand strength, DTC growth and international momentum, but not enough clarity yet to call for a clear earnings beat. Zacks earnings preview
• Neutral Sentiment: Crocs’ stock has risen sharply over the past few months, but some investors are weighing whether the rally has already priced in much of the good news. Zacks strategy article
• Negative Sentiment: Tariff pressures, margin concerns and weakness in the HEYDUDE brand remain key headwinds that could limit upside if Q2 results disappoint. Zacks earnings preview

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.