Crocs (NASDAQ:CROX) Trading Down 3.9% – What’s Next?

Crocs, Inc. (NASDAQ:CROX) fell 3.9% during trading on Tuesday . The stock traded as low as $121.82 and last traded at $120.9540. 51,095 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 1,204,782 shares. The stock had previously closed at $125.84.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Needham & Company LLC lifted their target price on Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings raised Crocs from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Robert W. Baird set a $163.00 price target on Crocs in a research report on Friday, July 31st. Finally, Bank of America increased their price target on Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.10.

Crocs Stock Up 0.6%

The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average price is $129.34 and its 200 day moving average price is $109.33. The firm has a market cap of $5.93 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.53.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.20. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm 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 expect that Crocs, Inc. will post 13.95 earnings per share for the current year.

Insider Buying and Selling

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated 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. The trade was a 4.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 62,688 shares of company stock worth $8,014,859. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Himalaya Capital Management LLC acquired a new stake in Crocs in the 4th quarter valued at about $53,720,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Crocs by 92.3% in the 4th 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 during the last quarter. Morningstar Investment Management LLC acquired a new position in shares of Crocs in the 1st quarter worth approximately $867,000. Landscape Capital Management L.L.C. bought a new stake in shares of Crocs in the 4th quarter worth approximately $3,800,000. Finally, X Square Capital LLC bought a new stake in shares of Crocs in the 2nd quarter worth approximately $2,931,000. 93.44% of the stock is currently owned by institutional investors.

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.