Crocs (NASDAQ:CROX) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Crocs (NASDAQ:CROX) from a buy rating to a strong-buy rating in a report released on Saturday,Wall Street Zen reports.

Several other brokerages have also recently weighed in on CROX. Weiss Ratings upgraded shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group restated a “sell” rating and set a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. Seaport Research Partners boosted their target price on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Finally, Bank of America increased their price target on shares of Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus target price of $141.20.

Crocs Stock Down 1.5%

CROX stock opened at $119.23 on Friday. Crocs has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The business’s 50-day moving average is $119.73 and its two-hundred day moving average is $118.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 0.99 and a beta of 1.56.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted ($8.82) earnings per share. 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, analysts forecast that Crocs will post 13.97 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew Rees sold 19,072 shares of the business’s 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 completion of the transaction, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beth J. Kaplan bought 885 shares of Crocs stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $112.12 per share, with a total value of $99,226.20. Following the completion of the acquisition, the director directly owned 15,259 shares in the company, valued at $1,710,839.08. This represents a 6.16% increase in their position. The SEC filing for this purchase provides additional information. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crocs

Hedge funds have recently modified their holdings of the company. Root Financial Partners LLC raised its position in shares of Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Versant Capital Management Inc lifted its stake in shares of Crocs by 95.9% during the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock valued at $34,000 after buying an additional 142 shares in the last quarter. Global Retirement Partners LLC bought a new position in Crocs in the 2nd quarter worth $42,000. Allworth Financial LP bought a new position in Crocs in the 2nd quarter worth $53,000. Finally, Persistent Asset Partners Ltd bought a new position in Crocs in the 2nd quarter worth $55,000. 93.44% of the stock is currently owned by institutional investors.

About Crocs

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.