Brokerages Set Crocs, Inc. (NASDAQ:CROX) Price Target at $105.33

Key Points

• Brokerages have given Crocs, Inc. an average recommendation of "Moderate Buy", with eight out of thirteen analysts recommending a buy.
• Insider transactions include Director John B. Replogle and EVP Susan L. Healy purchasing shares, demonstrating increased confidence in the company's performance.
• Crocs reported a quarterly EPS of $4.23, surpassing expectations and indicating a year-over-year revenue growth of 3.4%.

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $105.3333.

A number of research firms have issued reports on CROX. KeyCorp reduced their target price on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Needham & Company LLC increased their target price on shares of Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Barclays reiterated an "equal weight" rating and set a $81.00 target price (down from $119.00) on shares of Crocs in a report on Friday, August 8th. Monness Crespi & Hardt reduced their price objective on shares of Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $85.00 price objective (down from $127.00) on shares of Crocs in a report on Friday, August 8th.

Insiders Place Their Bets

In other news, Director John B. Replogle acquired 3,261 shares of Crocs stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director owned 15,417 shares of the company's stock, valued at $1,182,329.73. This trade represents a 26.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Healy acquired 2,000 shares of Crocs stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the acquisition, the executive vice president directly owned 50,078 shares in the company, valued at approximately $3,833,971.68. This represents a 4.16% increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crocs

Hedge funds and other institutional investors have recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in shares of Crocs in the 1st quarter valued at $32,000. Larson Financial Group LLC raised its stake in Crocs by 541.8% during the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after acquiring an additional 298 shares in the last quarter. IMA Advisory Services Inc. acquired a new stake in Crocs during the 1st quarter worth $40,000. Brooklyn Investment Group acquired a new stake in Crocs during the 1st quarter worth $40,000. Finally, Allworth Financial LP raised its stake in Crocs by 120.7% during the 2nd quarter. Allworth Financial LP now owns 448 shares of the textile maker's stock worth $45,000 after acquiring an additional 245 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Up 2.0%

Crocs stock traded up $1.55 during mid-day trading on Friday, reaching $80.54. 2,649,264 shares of the company's stock were exchanged, compared to its average volume of 1,703,020. The company has a market cap of $4.40 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.82 and a beta of 1.40. Crocs has a twelve month low of $73.76 and a twelve month high of $151.13. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average of $91.43 and a 200-day moving average of $98.70.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.01 by $0.22. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Crocs will post 13.2 EPS for the current year.

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.