Seaport Research Partners Forecasts Strong Price Appreciation for Crocs (NASDAQ:CROX) Stock

Crocs (NASDAQ:CROX) had its price objective hoisted by research analysts at Seaport Research Partners from $135.00 to $160.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Seaport Research Partners’ price target suggests a potential upside of 16.68% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued a “buy” rating for the company. Williams Trading set a $150.00 target price on Crocs in a report on Tuesday, June 9th. Piper Sandler raised Crocs from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $150.00 in a research report on Friday, June 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Crocs in a research note on Monday, July 6th. Finally, Needham & Company LLC increased their price objective on Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.00.

Crocs Stock Performance

NASDAQ:CROX opened at $137.13 on Monday. The stock’s 50 day moving average price is $119.40 and its 200 day moving average price is $100.20. Crocs has a 52 week low of $73.21 and a 52 week high of $140.42. The company has a market capitalization of $6.81 billion, a P/E ratio of -99.37, a P/E/G ratio of 1.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 earnings per share. 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, research analysts forecast that Crocs will post 13.67 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Crocs

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC increased its stake in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares during the period. Torren Management LLC acquired a new stake in Crocs in the 4th quarter valued at approximately $39,000. Parallel Advisors LLC increased its position in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after buying an additional 186 shares during the period. National Bank of Canada FI lifted its holdings in shares of Crocs by 597.3% during the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after buying an additional 663 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Crocs in the fourth quarter valued at approximately $68,000. 93.44% of the stock is owned by institutional investors and hedge funds.

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.