Crocs (NASDAQ:CROX) Stock Gets Price Target Increase from Needham & Company LLC

Crocs (NASDAQ:CROX) had its target price raised by equities researchers at Needham & Company LLC from $150.00 to $190.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s target price points to a potential upside of 26.45% from the company’s current price.

Several other equities research analysts have also commented on the company. Piper Sandler restated an “overweight” rating on shares of Crocs in a research report on Friday, July 31st. Robert W. Baird set a $163.00 target price on shares of Crocs in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “sell” rating and issued a $95.00 target price on shares of Crocs in a research note on Friday, July 31st. Wall Street Zen raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. Finally, BTIG Research restated a “neutral” rating on shares of Crocs in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.20.

Crocs Stock Performance

Shares of NASDAQ CROX traded up $30.57 during trading on Thursday, reaching $150.26. 4,894,261 shares of the company traded hands, compared to its average volume of 1,198,449. The firm’s fifty day simple moving average is $119.37 and its 200 day simple moving average is $109.09. The stock has a market cap of $7.20 billion, a P/E ratio of 12.99, a PEG ratio of 0.99 and a beta of 1.56. Crocs has a 12-month low of $73.21 and a 12-month high of $151.82. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.38. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.92 earnings per share. As a group, research analysts anticipate that Crocs will post 13.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Beth J. Kaplan acquired 885 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $112.12 per share, with a total value of $99,226.20. Following the completion of the transaction, the director directly owned 15,259 shares of the company’s stock, valued at approximately $1,710,839.08. This represents a 6.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in Crocs during the third quarter worth about $28,000. Versant Capital Management Inc lifted its stake in Crocs by 95.9% in the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Crocs in the 2nd quarter worth approximately $42,000. Allworth Financial LP purchased a new position in Crocs in the 2nd quarter worth approximately $53,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Crocs during the 2nd quarter worth approximately $55,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs News Roundup

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. Crocs reported adjusted EPS of $3.69, above the $3.31 consensus estimate, while revenue reached $1.043 billion versus expectations of approximately $1 billion. Revenue rose 4.6% year over year, and net income increased to $216.8 million. Crocs Q3 earnings and outlook article
• Positive Sentiment: Management raised its full-year outlook. Crocs now expects 2026 revenue growth of approximately 3%, up from its prior forecast of 1% to 2%. Fourth-quarter revenue is projected to increase 7% to 9% year over year, while the company also raised its profitability expectations. Crocs full-year 2026 outlook release
• Positive Sentiment: HEYDUDE showed signs of a turnaround. HEYDUDE revenue grew approximately 6.1%, reversing previous declines, while the core Crocs Brand increased revenue 4.4%. Direct-to-consumer sales rose 6.9%, supporting the view that demand remains resilient across both brands. Reuters HEYDUDE turnaround article
• Positive Sentiment: Margins and capital returns strengthened. Gross margin expanded to 66.2% from 58.5% a year earlier, operating income rose 40.6%, and Crocs repurchased roughly 2 million shares for $250 million during the quarter. Crocs financial results article
• Neutral Sentiment: Some of the earnings improvement benefited from a tariff refund, and analysts noted that growth is stronger overseas than in certain other markets. Investors may therefore look for evidence that the margin gains and HEYDUDE recovery are sustainable.
• Negative Sentiment: Recent insider activity included substantially more sales than purchases, including sales by CEO Andrew Rees. This is a secondary concern but could temper enthusiasm following the sharp rally.

About Crocs

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.