Crocs (NASDAQ:CROX) Lowered to “Hold” Rating by Baird R W

Crocs (NASDAQ:CROX) was downgraded by research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

CROX has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Crocs in a research report on Friday, December 5th. Bank of America lowered their target price on shares of Crocs from $99.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Monness Crespi & Hardt upped their price target on Crocs from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Robert W. Baird reiterated a “neutral” rating and set a $100.00 price objective on shares of Crocs in a report on Wednesday. Finally, Piper Sandler cut Crocs from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $95.00 to $75.00 in a research report on Monday, September 22nd. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $99.25.

Crocs Trading Down 4.0%

Shares of NASDAQ:CROX opened at $85.50 on Wednesday. The company has a market capitalization of $4.44 billion, a PE ratio of 27.85 and a beta of 1.54. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97. Crocs has a 12-month low of $73.21 and a 12-month high of $122.84. The business’s fifty day simple moving average is $84.30 and its 200-day simple moving average is $88.09.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.56. Crocs had a return on equity of 43.14% and a net margin of 4.48%.The company had revenue of $996.30 million for the quarter, compared to the consensus estimate of $960.14 million. During the same quarter last year, the company earned $3.60 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. As a group, equities research analysts predict that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In related news, Director John B. Replogle acquired 3,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the purchase, the director owned 18,417 shares of the company’s stock, valued at approximately $1,372,066.50. This represents a 19.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Crocs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 186 shares during the last quarter. Allworth Financial LP raised its stake in shares of Crocs by 120.7% in the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock worth $45,000 after purchasing an additional 245 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Crocs during the second quarter worth about $48,000. FNY Investment Advisers LLC purchased a new stake in Crocs in the third quarter valued at approximately $48,000. Finally, Employees Retirement System of Texas purchased a new stake in Crocs in the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.