Crocs (NASDAQ:CROX) Director Buys $99,226.20 in Stock

Crocs, Inc. (NASDAQ:CROX) Director Beth Kaplan bought 885 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average price of $112.12 per share, for a total transaction of $99,226.20. Following the completion of the acquisition, the director owned 15,259 shares of the company’s stock, valued at $1,710,839.08. The trade was a 6.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Crocs Trading Down 0.6%

Shares of NASDAQ:CROX opened at $122.24 on Friday. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. 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 has a market capitalization of $5.86 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.52. The company has a 50-day simple moving average of $126.57 and a 200 day simple moving average of $111.95.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted ($8.82) earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Sell-side analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current year.

Institutional Investors Weigh In On Crocs

Several large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in shares of Crocs in the 2nd quarter valued at $233,000. WINTON GROUP Ltd bought a new position in Crocs during the second quarter worth $1,556,000. Engineers Gate Manager LP grew its holdings in Crocs by 270.6% in the second quarter. Engineers Gate Manager LP now owns 9,872 shares of the textile maker’s stock worth $1,191,000 after purchasing an additional 7,208 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Crocs in the second quarter valued at $97,000. Finally, Baird Financial Group Inc. increased its stake in Crocs by 450.1% in the second quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock valued at $20,068,000 after purchasing an additional 136,106 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wedbush initiated coverage on Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. Barclays increased their target price on shares of Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Crocs in a research report on Monday, June 8th. They set a “buy” rating on the stock. Needham & Company LLC upped their target price on Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Bank of America boosted their price target on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.10.

About Crocs

Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.

Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.