Crocs (NASDAQ:CROX) Earns Neutral Rating from Analysts at BTIG Research

Analysts at BTIG Research began coverage on shares of Crocs (NASDAQ:CROX) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a “neutral” rating on the textile maker’s stock.

CROX has been the subject of a number of other reports. Weiss Ratings downgraded Crocs from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. KeyCorp restated a “sector weight” rating on shares of Crocs in a research report on Thursday, January 22nd. Needham & Company LLC boosted their price objective on shares of Crocs from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Monness Crespi & Hardt boosted their price objective on shares of Crocs from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Barclays boosted their price target on Crocs from $86.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $103.42.

Crocs Stock Up 1.3%

NASDAQ CROX opened at $87.16 on Tuesday. The company has a market cap of $4.38 billion, a P/E ratio of -69.17, a P/E/G ratio of 1.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.74 and a current ratio of 1.27. Crocs has a one year low of $73.21 and a one year high of $122.84. The business has a fifty day moving average price of $87.80 and a 200 day moving average price of $85.00.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.37. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The company had revenue of $957.64 million during the quarter, compared to analysts’ expectations of $916.16 million. During the same quarter last year, the firm earned $2.52 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. Research analysts anticipate that Crocs will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, EVP Anne Mehlman sold 12,145 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $100.06, for a total value of $1,215,228.70. Following the completion of the transaction, the executive vice president owned 131,112 shares in the company, valued at approximately $13,119,066.72. This represents a 8.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.72% of the stock is owned by insiders.

Institutional Trading of Crocs

Several institutional investors have recently modified their holdings of the company. Boston Partners lifted its holdings in shares of Crocs by 2,659.1% during the 2nd quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock valued at $171,003,000 after buying an additional 1,627,190 shares during the last quarter. AQR Capital Management LLC raised its holdings in Crocs by 399.0% in the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after acquiring an additional 1,012,943 shares in the last quarter. Norges Bank acquired a new stake in shares of Crocs in the 4th quarter valued at $67,545,000. Smead Capital Management Inc. bought a new position in shares of Crocs in the third quarter valued at approximately $52,978,000. Finally, Himalaya Capital Management LLC acquired a new position in Crocs in the fourth quarter worth $53,720,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

About Crocs

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.