Crocs (NASDAQ:CROX) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Crocs, Inc. (NASDAQ:CROX) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $116.05 and traded as high as $117.82. Crocs shares last traded at $116.84, with a volume of 1,026,798 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on CROX. Weiss Ratings upgraded shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Monness Crespi & Hardt raised their target price on shares of Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $163.00 target price on Crocs in a research report on Friday, July 31st. Seaport Research Partners raised their target price on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.10.

Crocs Stock Down 1.6%

The stock’s 50-day moving average price is $122.71 and its two-hundred day moving average price is $116.04. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $5.51 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.97 and a beta of 1.56.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data 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 return on equity of 47.75% and a net margin of 14.64%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted ($8.82) EPS. The firm’s quarterly revenue 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. As a group, research analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Crocs

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Crocs during the 2nd quarter worth approximately $561,223,000. Patient Capital Management LLC purchased a new stake in shares of Crocs in the 2nd quarter valued at $96,443,000. Himalaya Capital Management LLC acquired a new position in Crocs during the fourth quarter valued at $53,720,000. Bank of America Corp DE boosted its holdings in Crocs by 130.1% in the first quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker’s stock valued at $28,397,000 after purchasing an additional 193,426 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Crocs by 5.7% in the first quarter. Pacer Advisors Inc. now owns 339,478 shares of the textile maker’s stock valued at $28,183,000 after purchasing an additional 18,220 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

About Crocs

Crocs, Inc is a global footwear company best known for its molded clogs made from Croslite, a proprietary material designed to provide lightweight comfort and water resistance. The company’s product portfolio also includes sandals, slides, boots, sneakers and other casual footwear, along with Jibbitz charms and accessories that allow consumers to personalize Crocs shoes.

Founded in 2002, Crocs sells its products through company-operated and partner retail stores, e-commerce websites, wholesale partners and third-party digital marketplaces.