Crocs (NASDAQ:CROX) Price Target Raised to $190.00

Crocs (NASDAQ:CROX) had its target price raised by Needham & Company LLC from $150.00 to $190.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

CROX has been the subject of a number of other research reports. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. UBS Group boosted their price target on Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Weiss Ratings raised Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Monness Crespi & Hardt upped their price target on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Bank of America raised their price objective on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.30.

Crocs Stock Up 0.2%

NASDAQ:CROX opened at $150.52 on Thursday. The firm’s 50-day moving average price is $120.41 and its 200-day moving average price is $109.73. The company has a market capitalization of $7.22 billion, a PE ratio of 11.24, a P/E/G ratio of 1.23 and a beta of 1.56. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.96. Crocs has a 1-year low of $73.21 and a 1-year high of $154.05.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company posted $2.92 EPS. Crocs’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that Crocs will post 14.62 EPS for the current fiscal year.

Insider Activity

In other news, Director Beth Kaplan purchased 885 shares of Crocs stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average price of $112.12 per share, with a total value of $99,226.20. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Rees sold 19,072 shares of Crocs 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 sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Crocs

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Crocs in the second quarter worth about $561,223,000. Patient Capital Management LLC purchased a new stake in Crocs in the 2nd quarter worth $96,443,000. Bank of New York Mellon Corp purchased a new stake in Crocs in the 2nd quarter worth $39,610,000. Bank of America Corp DE bought a new stake in Crocs during the second quarter valued at about $33,820,000. Finally, Baird Financial Group Inc. raised its holdings in Crocs by 450.1% during the second quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock valued at $20,068,000 after acquiring an additional 136,106 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Crocs reported adjusted EPS of $3.69 versus the $3.31 analyst consensus, while revenue increased 4.7% year over year to approximately $1.04 billion, ahead of estimates near $1.00 billion. Crocs quarterly earnings report
• Positive Sentiment: Management raised its full-year forecast for the third consecutive time. Crocs now expects 2026 revenue growth of approximately 3%, up from its prior 1%–2% outlook, and projects fourth-quarter revenue growth of roughly 7%–9%. Crocs Q3 results and outlook
• Positive Sentiment: HEYDUDE returned to growth. HEYDUDE revenue increased about 6%, easing concerns about the struggling brand and strengthening the case for a broader recovery. Crocs Brand revenue also grew approximately 4.4%. Reuters HEYDUDE turnaround article
• Positive Sentiment: Profitability and shareholder returns improved. Gross margin expanded to 66.2% from 58.5% a year earlier, operating income rose more than 40%, and the company repurchased approximately $250 million of stock during the quarter.
• Positive Sentiment: Analysts became more bullish. Barclays raised its price target to $178 and assigned an “overweight” rating, while Needham raised its target to $190 and reiterated a “buy” rating. Barclays CROX rating
• Neutral Sentiment: Technical coverage highlights that CROX has moved above its 20-day and 50-day moving averages and reached a new 52-week high, signaling positive momentum but also increasing the risk of profit-taking after the sharp advance. CROX moving average analysis
• Negative Sentiment: Some commentary notes that international growth is helping offset weaker U.S. performance, while tariff-related benefits and buybacks contributed to the earnings improvement. These factors could make comparisons less favorable if they do not persist.

About Crocs

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.