Crocs (NASDAQ:CROX) Given New $160.00 Price Target at Bank of America

Crocs (NASDAQ:CROX) had its price target lifted by analysts at Bank of America from $145.00 to $160.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Bank of America‘s price target would indicate a potential upside of 21.56% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company began coverage on shares of Crocs in a research note on Monday, June 8th. They issued a “buy” rating on the stock. Wall Street Zen upgraded Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. UBS Group upgraded shares of Crocs from a “neutral” rating to a “buy” rating in a report on Monday, June 8th. Stifel Nicolaus increased their price target on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, June 15th. Finally, Williams Trading set a $150.00 price objective on Crocs in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $126.36.

Crocs Stock Performance

CROX traded down $4.58 during trading on Thursday, reaching $131.62. 298,597 shares of the company’s stock were exchanged, compared to its average volume of 1,230,363. 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’s fifty day simple moving average is $121.61 and its 200-day simple moving average is $101.25. Crocs has a 1 year low of $73.21 and a 1 year high of $140.42. The stock has a market capitalization of $6.54 billion, a P/E ratio of -95.38, a price-to-earnings-growth ratio of 1.40 and a beta of 1.55.

Crocs (NASDAQ:CROX) last announced its quarterly 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. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The company had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. During the same period in the previous year, the company posted $3.00 earnings per share. Crocs’s revenue for the quarter was down 1.7% on a year-over-year basis. 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, research analysts predict that Crocs will post 13.67 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.

Institutional Trading of Crocs

Institutional investors have recently modified their holdings of the business. Step Capital Management Pte. Ltd. acquired a new stake in shares of Crocs in the 4th quarter valued at $1,710,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of Crocs during the fourth quarter worth approximately $1,736,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock valued at $2,564,000 after buying an additional 14,393 shares during the period. Himalaya Capital Management LLC bought a new position in Crocs during the fourth quarter worth about $53,720,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Crocs in the 4th quarter valued at about $3,800,000. 93.44% of the stock is currently 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.