Crocs, Inc. (NASDAQ:CROX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have earned an average rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $120.00.

A number of research firms have recently commented on CROX. Bank of America boosted their target price on shares of Crocs from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group cut shares of Crocs from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. Wells Fargo & Company started coverage on shares of Crocs in a research note on Monday, June 8th. They set a “buy” rating for the company. Needham & Company LLC upped their price objective on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Wedbush started coverage on shares of Crocs in a research note on Monday, June 8th. They set an “outperform” rating for the company.

Insider Transactions at Crocs

In related news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Crocs

Several large investors have recently bought and sold shares of the business. Pacer Advisors Inc. grew its stake in Crocs by 5.7% during the 1st quarter. Pacer Advisors Inc. now owns 339,478 shares of the textile maker’s stock valued at $28,183,000 after acquiring an additional 18,220 shares in the last quarter. 7G Capital Management LLC purchased a new stake in Crocs during the 1st quarter valued at about $3,445,000. Bank of America Corp DE grew its stake in Crocs by 130.1% during the 1st quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker’s stock valued at $28,397,000 after acquiring an additional 193,426 shares in the last quarter. Edgestream Partners L.P. grew its stake in Crocs by 16.7% during the 1st quarter. Edgestream Partners L.P. now owns 26,045 shares of the textile maker’s stock valued at $2,162,000 after acquiring an additional 3,722 shares in the last quarter. Finally, Amundi grew its stake in Crocs by 191.1% during the 1st quarter. Amundi now owns 12,011 shares of the textile maker’s stock valued at $997,000 after acquiring an additional 7,885 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 0.4%

CROX stock opened at $125.05 on Friday. The stock has a market capitalization of $6.21 billion, a P/E ratio of -90.62, a P/E/G ratio of 1.29 and a beta of 1.57. The firm has a 50-day simple moving average of $109.49 and a 200-day simple moving average of $94.59. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. Crocs has a 52 week low of $73.21 and a 52 week high of $129.79.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. The business had revenue of $921.46 million during the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Equities analysts forecast that Crocs will post 13.67 earnings per share for the current fiscal year.

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.