Crocs (NASDAQ:CROX) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Crocs (NASDAQ:CROX) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

CROX has been the subject of several other research reports. Piper Sandler cut Crocs from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $95.00 to $75.00 in a report on Monday, September 22nd. Bank of America reduced their price target on shares of Crocs from $99.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Zacks Research raised Crocs from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Monness Crespi & Hardt boosted their price target on Crocs from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings raised Crocs from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Crocs has a consensus rating of “Hold” and an average price target of $103.42.

Crocs Stock Down 6.0%

NASDAQ CROX traded down $4.76 during trading hours on Friday, hitting $74.09. The company’s stock had a trading volume of 3,235,202 shares, compared to its average volume of 1,846,631. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The company’s 50-day simple moving average is $82.25 and its two-hundred day simple moving average is $93.96. Crocs has a 52 week low of $73.52 and a 52 week high of $122.84. The company has a market capitalization of $3.85 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.51.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.56. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The company had revenue of $996.30 million during the quarter, compared to analyst estimates of $960.14 million. During the same quarter last year, the business posted $3.60 EPS. Crocs’s quarterly revenue was down 6.2% compared to the same quarter last year. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. Research analysts anticipate that Crocs will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Susan L. Healy purchased 2,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was acquired at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the purchase, the executive vice president directly owned 50,078 shares in the company, valued at approximately $3,833,971.68. The trade was a 4.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crocs

A number of large investors have recently added to or reduced their stakes in the business. Boston Partners increased its position in Crocs by 2,659.1% during the 2nd quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock worth $171,003,000 after purchasing an additional 1,627,190 shares in the last quarter. New Vernon Capital Holdings II LLC raised its stake in shares of Crocs by 10,520.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker’s stock valued at $76,389,000 after purchasing an additional 712,520 shares during the period. Smead Capital Management Inc. acquired a new stake in Crocs during the 3rd quarter valued at approximately $52,978,000. LSV Asset Management raised its stake in shares of Crocs by 180.9% in the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker’s stock valued at $93,484,000 after purchasing an additional 566,847 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Crocs during the 2nd quarter valued at approximately $56,710,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.