Crocs (NASDAQ:CROX) Stock Price Up 6% – Time to Buy?

Crocs, Inc. (NASDAQ:CROX)’s stock price traded up 6% on Friday . The company traded as high as $125.77 and last traded at $126.03. Approximately 133,489 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,263,398 shares. The stock had previously closed at $118.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company initiated coverage on Crocs in a research report on Monday, June 8th. They set a “buy” rating for the company. Royal Bank Of Canada assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued an “overweight” rating on the stock. Wedbush started coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating for the company. Piper Sandler raised Crocs from a “neutral” rating to an “overweight” rating and raised their price target for the company from $95.00 to $150.00 in a research report on Friday. Finally, Seaport Research Partners upgraded Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.00.

Crocs Stock Up 6.7%

The business’s 50 day moving average price is $111.67 and its 200-day moving average price is $95.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The company has a market cap of $6.30 billion, a P/E ratio of -91.91, a PEG ratio of 1.25 and a beta of 1.57.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million during the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last 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. On average, analysts anticipate that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Insider Activity

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer owned 743,293 shares in the company, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of Crocs

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after acquiring an additional 459 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Crocs by 4.1% during 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 worth $22,441,000 after acquiring an additional 8,331 shares during the period. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 634 shares during the last quarter. First Trust Advisors LP grew 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 purchasing an additional 14,067 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Crocs in the 2nd quarter valued at $6,290,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.