Crocs (NASDAQ:CROX) Sets New 52-Week High – Time to Buy?

Shares of Crocs, Inc. (NASDAQ:CROX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $140.46 and last traded at $139.8350, with a volume of 66368 shares. The stock had previously closed at $134.89.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of research analyst reports. Williams Trading set a $150.00 target price on Crocs in a research report on Tuesday, June 9th. Barclays raised their target price on shares of Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday. UBS Group upped their target price on Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings upgraded Crocs from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday. Finally, Wedbush initiated coverage on Crocs in a report on Monday, June 8th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.09.

Crocs Price Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The company’s fifty day moving average price is $126.34 and its 200 day moving average price is $103.83. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.30 and a beta of 1.53.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Equities research analysts expect that Crocs, Inc. will post 13.96 earnings per share for the current year.

Insider Transactions at Crocs

In other Crocs 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 value 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 $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by company insiders.

Institutional Trading of Crocs

A number of large investors have recently bought and sold shares of CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 459 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Crocs by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock valued at $22,441,000 after purchasing an additional 8,331 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Crocs by 278.1% in the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock valued at $87,000 after buying an additional 634 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Crocs by 14.3% in the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock valued at $11,365,000 after buying an additional 14,067 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Crocs during the 2nd quarter worth about $6,290,000. 93.44% of the stock is currently owned by institutional investors.

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.