Crocs, Inc. (NASDAQ:CROX) Stock Has Average Price Target of $139.10

by · The Cerbat Gem

Shares of Crocs, Inc. (NASDAQ:CROX – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $139.10.

Several equities research analysts have recently commented on CROX shares. Scotiabank assumed coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating for the company. Royal Bank Of Canada initiated coverage on Crocs in a research note on Monday, June 8th. They set an “overweight” rating on the stock. Seaport Research Partners raised their price target on Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 20th. Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research report on Friday, July 31st. Finally, Monness Crespi & Hardt boosted their price objective on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 31st.

Get Our Latest Analysis on Crocs

Crocs Trading Up 2.2%

Shares of NASDAQ CROX opened at $126.14 on Tuesday. Crocs has a 1-year low of $73.21 and a 1-year high of $141.28. The company has a 50-day moving average of $125.60 and a two-hundred day moving average of $113.33. The company has a market cap of $6.05 billion, a PE ratio of 10.90, a P/E/G ratio of 1.05 and a beta of 1.52. 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 – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm earned ($8.82) earnings per share. Crocs’s revenue was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, equities analysts expect that Crocs will post 13.95 earnings per share for the current fiscal year.

Insider Activity

In other Crocs news, Director Beth Kaplan purchased 885 shares of the stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $112.12 per share, for a total transaction of $99,226.20. Following the transaction, the director directly owned 15,259 shares in the company, valued at $1,710,839.08. This represents a 6.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of Crocs

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Crocs in the 2nd quarter worth $561,223,000. Patient Capital Management LLC bought a new stake in Crocs in the second quarter valued at about $96,443,000. Norges Bank bought a new stake in Crocs in the fourth quarter valued at about $67,545,000. Himalaya Capital Management LLC bought a new stake in Crocs in the fourth quarter valued at about $53,720,000. Finally, Contrarius Group Holdings Ltd lifted its stake in Crocs by 324.1% in the fourth quarter. Contrarius Group Holdings Ltd now owns 475,011 shares of the textile maker’s stock valued at $40,623,000 after buying an additional 363,010 shares during the period. Institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

(Get Free Report)

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.

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