Crocs (NASDAQ:CROX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Crocs (NASDAQ:CROX) from a buy rating to a strong-buy rating in a report published on Saturday,Wall Street Zen reports.

Several other analysts have also recently commented on CROX. Barclays upgraded shares of Crocs from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $139.00 in a research note on Thursday, October 15th. Seaport Research Partners raised their price objective on Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Weiss Ratings raised Crocs from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average price target of $141.20.

Crocs Stock Performance

Shares of CROX opened at $118.85 on Friday. 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 business has a 50-day simple moving average of $119.76 and a two-hundred day simple moving average of $108.76. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.99 and a beta of 1.56. Crocs has a 52 week low of $73.21 and a 52 week high of $141.28.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion during 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%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous 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. On average, analysts expect that Crocs will post 13.97 EPS for the current year.

Insider Buying and Selling

In other Crocs news, Director Beth Kaplan acquired 885 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was 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 in the company, valued at $1,710,839.08. The trade was a 6.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52. Following the transaction, the chief executive officer owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Crocs in the 2nd quarter worth about $561,223,000. Patient Capital Management LLC bought a new stake in shares of Crocs during the second quarter valued at approximately $96,443,000. Bank of New York Mellon Corp bought a new stake in shares of Crocs during the second quarter valued at approximately $39,610,000. Bank of America Corp DE purchased a new stake in shares of Crocs in the second quarter valued at approximately $33,820,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Crocs by 14.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 268,617 shares of the textile maker’s stock valued at $31,511,000 after purchasing an additional 34,667 shares during the period. Institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.