Crocs, Inc. (NASDAQ:CROX) Given Consensus Recommendation of “Hold” by Analysts

Shares of Crocs, Inc. (NASDAQ:CROX) have been assigned an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $103.7273.

A number of analysts recently weighed in on the company. Needham & Company LLC boosted their target price on Crocs from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group boosted their target price on Crocs from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Barclays boosted their target price on Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, BTIG Research initiated coverage on Crocs in a research note on Tuesday, March 10th. They issued a “neutral” rating on the stock.

Crocs Stock Performance

Shares of CROX opened at $99.11 on Wednesday. The stock has a 50-day moving average price of $92.81 and a 200-day moving average price of $88.41. The company has a market cap of $4.92 billion, a PE ratio of -71.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. Crocs has a 12-month low of $73.21 and a 12-month high of $114.99. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. The company had revenue of $921.46 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company 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, equities analysts forecast that Crocs will post 13.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crocs news, EVP Anne Mehlman sold 12,145 shares of Crocs stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.06, for a total value of $1,215,228.70. Following the transaction, the executive vice president directly owned 131,112 shares of the company’s stock, valued at $13,119,066.72. The trade was a 8.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crocs

Several hedge funds have recently made changes to their positions in CROX. AQR Capital Management LLC increased its stake in shares of Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after buying an additional 1,012,943 shares during the period. Norges Bank bought a new stake in Crocs in the fourth quarter worth $67,545,000. Smead Capital Management Inc. bought a new stake in Crocs in the third quarter worth $52,978,000. Himalaya Capital Management LLC bought a new position in shares of Crocs during the fourth quarter valued at $53,720,000. Finally, American Century Companies Inc. lifted its holdings in shares of Crocs by 144.4% during the third quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock valued at $59,939,000 after purchasing an additional 423,817 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other 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.