Crocs (NASDAQ:CROX) Raised to “Strong-Buy” at Wall Street Zen

Crocs (NASDAQ:CROX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. Seaport Research Partners lifted their price target on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 20th. UBS Group upped their price objective on shares of Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Bank of America lifted their target price on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Monness Crespi & Hardt lifted their target price on shares of Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $141.20.

Crocs Price Performance

Shares of Crocs stock opened at $119.23 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The company has a market cap of $5.72 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. The firm has a fifty day moving average price of $119.73 and a two-hundred day moving average price of $118.95. Crocs has a fifty-two week low of $73.21 and a fifty-two week high of $141.28.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted ($8.82) earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Analysts expect that Crocs will post 13.97 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction 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. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Beth Kaplan purchased 885 shares of the stock in a transaction on Tuesday, September 15th. The stock was 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. This represents a 6.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Crocs

A number of large investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Crocs by 118.7% in the 3rd quarter. Signaturefd LLC now owns 785 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 426 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of Crocs by 5.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,864 shares of the textile maker’s stock worth $219,000 after buying an additional 103 shares during the period. Sterling Capital Management LLC boosted its position in shares of Crocs by 3.3% during the third quarter. Sterling Capital Management LLC now owns 31,836 shares of the textile maker’s stock worth $3,735,000 after buying an additional 1,019 shares during the period. Root Financial Partners LLC acquired a new position in shares of Crocs during the third quarter worth about $28,000. Finally, Sage Private Wealth Group LLC acquired a new position in shares of Crocs during the third quarter worth about $380,000. Institutional investors own 93.44% of the company’s stock.

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.