Crocs (NASDAQ:CROX) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Crocs from “buy” to “strong buy.” Overall, analysts hold a “Moderate Buy” consensus, with a $141.20 average price target.
• Crocs reported quarterly EPS of $4.55, beating estimates of $4.35, while revenue reached $1.18 billion, above expectations and up 2.6% year over year.
• The stock opened at $119.23, down 1.5%, while institutional investors owned 93.44% of shares. CEO Andrew Rees sold shares, while director Beth J. Kaplan purchased additional stock.

Crocs (NASDAQ:CROX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Bank of America boosted their target price on shares of Crocs from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Needham & Company LLC raised their price target on Crocs from $132.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. UBS Group increased their target price on Crocs from $107.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Monness Crespi & Hardt lifted their price objective on shares of Crocs from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Crocs from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Crocs currently has an average rating of "Moderate Buy" and a consensus target price of $141.20.

Crocs Trading Down 1.5%

NASDAQ:CROX opened at $119.23 on Friday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.01 and a beta of 1.56. The company's 50 day moving average price is $119.73 and its 200-day moving average price is $118.75. Crocs has a 52 week low of $73.21 and a 52 week high of $141.28. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.20. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned ($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. On average, equities research analysts forecast that Crocs will post 13.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 19,072 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the transaction, the chief executive officer owned 713,293 shares in the company, valued at $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beth J. Kaplan purchased 885 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was bought at an average cost of $112.12 per share, for a total transaction of $99,226.20. Following the acquisition, the director directly owned 15,259 shares of the company's stock, valued at $1,710,839.08. This represents a 6.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crocs

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Crocs during the second quarter valued at approximately $561,223,000. Patient Capital Management LLC purchased a new stake in shares of Crocs during the 2nd quarter worth about $96,443,000. Bank of New York Mellon Corp acquired a new stake in Crocs in the second quarter valued at approximately $39,610,000. Bank of America Corp DE bought a new stake in Crocs in the second quarter worth $33,820,000. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Crocs by 14.8% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 268,617 shares of the textile maker's stock valued at $31,511,000 after acquiring an additional 34,667 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Company Profile

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.

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