Crocs (NASDAQ:CROX) Hits New 12-Month High – Time to Buy?

Crocs, Inc. (NASDAQ:CROX) reached a new 52-week high during trading on Tuesday . The company traded as high as $129.70 and last traded at $128.9950, with a volume of 134156 shares. The stock had previously closed at $126.27.

Wall Street Analysts Forecast Growth

CROX has been the subject of several research reports. BTIG Research assumed coverage on shares of Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating for the company. Royal Bank Of Canada initiated coverage on shares of Crocs in a research report on Monday, June 8th. They set an “overweight” rating for the company. Stifel Nicolaus raised their price target on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday. Robert W. Baird raised shares of Crocs from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $115.00 to $150.00 in a report on Monday, June 8th. Finally, UBS Group raised Crocs from a “neutral” rating to a “buy” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.00.

Crocs Price Performance

The business’s 50 day moving average is $107.22 and its two-hundred day moving average is $93.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. The firm has a market capitalization of $6.38 billion, a PE ratio of -93.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.57.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating the consensus estimate of $2.78 by $0.21. The company 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%. Crocs’s revenue for the quarter 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 research analysts anticipate that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by insiders.

Institutional Trading of Crocs

A number of large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in Crocs by 1.1% in the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock valued at $1,085,000 after purchasing an additional 120 shares in the last quarter. Root Financial Partners LLC increased its holdings 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 worth $27,000 after buying an additional 157 shares during the last quarter. L2 Asset Management LLC increased its holdings in shares of Crocs by 5.4% in the 4th quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock worth $284,000 after buying an additional 169 shares during the last quarter. PNC Financial Services Group Inc. raised 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 valued at $373,000 after buying an additional 176 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

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.