Crocs (NASDAQ:CROX) Hits New 52-Week High – Should You Buy?

Crocs, Inc. (NASDAQ:CROX) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $130.79 and last traded at $130.7270, with a volume of 144228 shares changing hands. The stock had previously closed at $127.13.

Wall Street Analysts Forecast Growth

CROX has been the topic of several research analyst reports. Piper Sandler upgraded shares of Crocs from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $95.00 to $150.00 in a research report on Friday, June 26th. Wells Fargo & Company assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued a “buy” rating for the company. Williams Trading set a $150.00 price target on shares of Crocs in a research note on Tuesday, June 9th. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, The Goldman Sachs Group downgraded shares of Crocs from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.00.

Crocs Stock Up 3.9%

The stock has a market capitalization of $6.57 billion, a P/E ratio of -95.54, a PEG ratio of 1.27 and a beta of 1.55. The stock has a 50 day moving average price of $115.70 and a 200-day moving average price of $98.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share 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 positive return on equity of 48.29% and a negative net margin of 2.58%.Crocs’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior 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, research analysts expect that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Step Capital Management Pte. Ltd. purchased a new position in Crocs during the 4th quarter valued at $1,710,000. Marshall Financial Group LLC bought a new position in Crocs in the fourth quarter worth about $1,237,000. MH & Associates Securities Management Corp ADV bought a new position in Crocs in the fourth quarter worth about $1,736,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after buying an additional 14,393 shares during the period. Finally, Brevan Howard Capital Management LP lifted its holdings in Crocs by 41.6% in the third quarter. Brevan Howard Capital Management LP now owns 44,212 shares of the textile maker’s stock worth $3,694,000 after buying an additional 12,995 shares during the period. Institutional investors own 93.44% of the company’s stock.

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.