Crocs (NASDAQ:CROX) Sets New 12-Month High – Here’s What Happened

Crocs, Inc. (NASDAQ:CROX)’s share price reached a new 52-week high on Thursday . The company traded as high as $135.49 and last traded at $133.37, with a volume of 1189976 shares traded. The stock had previously closed at $131.17.

Analysts Set New Price Targets

Several brokerages have issued reports on CROX. Royal Bank Of Canada initiated coverage on Crocs in a research report on Monday, June 8th. They set an “overweight” rating for the company. Piper Sandler upgraded Crocs from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $95.00 to $150.00 in a report on Friday, June 26th. Williams Trading set a $150.00 price target on Crocs in a research note on Tuesday, June 9th. Wedbush initiated coverage on Crocs in a research note on Monday, June 8th. They set an “outperform” rating for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Crocs in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Crocs Price Performance

The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.63 billion, a P/E ratio of -96.64, a PEG ratio of 1.36 and a beta of 1.55. The firm has a 50-day simple moving average of $118.04 and a 200-day simple moving average of $99.51.

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

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by company insiders.

Institutional Trading of Crocs

Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC raised its stake in shares of Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Torren Management LLC purchased a new stake in Crocs during the fourth quarter valued at approximately $39,000. Parallel Advisors LLC boosted its stake in Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Crocs in the third quarter valued at approximately $48,000. Finally, National Bank of Canada FI boosted its stake in Crocs by 597.3% in the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock valued at $65,000 after acquiring an additional 663 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

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.