Bank of America Lowers Crocs (NASDAQ:CROX) Price Target to $98.00

Crocs (NASDAQ:CROX) had its price objective lowered by research analysts at Bank of America from $99.00 to $98.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Bank of America‘s price objective indicates a potential upside of 17.41% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Barclays reiterated an “equal weight” rating and issued a $81.00 price target (down previously from $119.00) on shares of Crocs in a report on Friday, August 8th. UBS Group decreased their price target on Crocs from $110.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 price target (down previously from $127.00) on shares of Crocs in a report on Friday, August 8th. The Goldman Sachs Group reduced their target price on Crocs from $88.00 to $87.00 and set a “sell” rating on the stock in a report on Tuesday, July 22nd. Finally, KeyCorp reduced their target price on Crocs from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.92.

Crocs Price Performance

Shares of CROX stock opened at $83.47 on Tuesday. The stock’s fifty day moving average is $82.90 and its 200-day moving average is $94.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The stock has a market capitalization of $4.56 billion, a PE ratio of 22.38, a PEG ratio of 1.95 and a beta of 1.43. Crocs has a 52 week low of $73.76 and a 52 week high of $139.96.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, topping the consensus estimate of $4.01 by $0.22. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. Equities research analysts expect that Crocs will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle acquired 3,261 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director directly owned 15,417 shares of the company’s stock, valued at approximately $1,182,329.73. This trade represents a 26.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Susan L. Healy acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the acquisition, the executive vice president directly owned 50,078 shares in the company, valued at $3,833,971.68. This represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Crocs

Institutional investors have recently modified their holdings of the business. Motley Fool Wealth Management LLC lifted its holdings in shares of Crocs by 82.6% during the 1st quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker’s stock valued at $10,830,000 after purchasing an additional 46,124 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Crocs during the 1st quarter valued at about $905,000. Intech Investment Management LLC raised its position in Crocs by 60.4% in the 1st quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker’s stock valued at $5,272,000 after buying an additional 18,697 shares during the last quarter. Versor Investments LP acquired a new stake in Crocs in the 1st quarter valued at approximately $1,275,000. Finally, Baird Financial Group Inc. raised its position in Crocs by 4.8% in the 1st quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker’s stock valued at $26,681,000 after buying an additional 11,397 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.