Crocs (NASDAQ:CROX) Director Purchases 885 Shares

Crocs, Inc. (NASDAQ:CROX) Director Beth Kaplan purchased 885 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought 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 owned 15,259 shares of the company’s stock, valued at $1,710,839.08. This trade represents a 6.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Crocs Stock Up 3.5%

Crocs stock traded up $3.92 during trading hours on Wednesday, hitting $115.40. The company had a trading volume of 1,255,723 shares, compared to its average volume of 1,191,436. The firm has a market capitalization of $5.53 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. 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 firm’s fifty day moving average is $127.00 and its 200-day moving average is $111.49. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted ($8.82) EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, research analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current year.

Hedge Funds Weigh In On Crocs

Several institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC raised its position in shares of Crocs by 96.3% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after buying an additional 157 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Crocs by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker’s stock worth $373,000 after acquiring an additional 176 shares in the last quarter. Traub Capital Management LLC increased its stake in Crocs by 7.5% in the first quarter. Traub Capital Management LLC now owns 3,225 shares of the textile maker’s stock valued at $268,000 after acquiring an additional 225 shares during the last quarter. GAMMA Investing LLC increased its stake in Crocs by 15.1% in the second quarter. GAMMA Investing LLC now owns 2,394 shares of the textile maker’s stock valued at $289,000 after acquiring an additional 314 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Crocs during the second quarter valued at approximately $42,000. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CROX. Weiss Ratings downgraded Crocs from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Wedbush assumed coverage on Crocs in a report on Monday, June 8th. They set an “outperform” rating for the company. Scotiabank initiated coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Crocs in a report on Monday, June 8th. They issued a “buy” rating on the stock. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $139.10.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.

Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.