Crocs (NASDAQ:CROX) Hits New 1-Year High Following Better-Than-Expected Earnings

Key Points

• Crocs beat quarterly expectations: Revenue rose 4.7% year over year to $1.04 billion, while adjusted EPS of $3.69 exceeded the $3.31 consensus estimate. Shares surged to a new 52-week high of $143.
• Management raised its 2026 outlook for the third time, now projecting approximately 3% revenue growth versus its previous 1%–2% forecast. Growth was broad-based across the Crocs and HEYDUDE brands, while gross margin expanded substantially.
• Analyst sentiment remains favorable, with several firms raising price targets to $160 and the stock carrying a consensus “Moderate Buy” rating. Investors will next watch fourth-quarter results, for which the company expects revenue growth of 7%–9% and adjusted EPS of $3.25–$3.45.

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $143.00 and last traded at $141.2290, with a volume of 194,672 shares trading hands. The stock had previously closed at $119.69.

The textile maker reported $3.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.38. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.92 EPS.

Crocs News Roundup

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Third-quarter revenue increased 4.6% year over year to $1.043 billion, exceeding analysts’ expectations of approximately $1 billion. Adjusted EPS was $3.69, above the $3.31 consensus estimate, while GAAP diluted EPS rose 67.4% to $4.52. Crocs Q3 revenue edges up 4.6% to $1.04 billion
• Positive Sentiment: Management raised full-year 2026 revenue-growth guidance to approximately 3%, up from its prior 1%–2% forecast, marking the third outlook increase for the year. The company also raised its full-year earnings outlook. Crocs, Inc. Reports Strong Third Quarter 2026 Results
• Positive Sentiment: Sales growth was broad-based: Crocs Brand revenue increased 4.4%, HEYDUDE revenue returned to growth with a 6.1% gain, and direct-to-consumer revenue rose 6.9%. Gross margin expanded to 66.2% from 58.5%, helping operating income climb 40.6% to $291.9 million. Crocs soars after showing broad sales momentum in Q3
• Positive Sentiment: Crocs repurchased approximately 2 million shares for $250 million during the quarter and repaid $21 million of debt, providing additional support for per-share results and the balance sheet.
• Neutral Sentiment: Fourth-quarter revenue is expected to increase approximately 7%–9% year over year, with adjusted EPS guidance of $3.25–$3.45. Investors will monitor whether the holiday season sustains the company’s improved momentum. Crocs Q4 adjusted EPS guidance
• Negative Sentiment: Recent insider activity has been mixed, with CEO Andrew Rees reporting sales of 62,688 shares over the past six months. This may draw some investor attention, although it does not offset the stronger operating results.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CROX shares. Bank of America lifted their target price on Crocs from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Piper Sandler restated an "overweight" rating on shares of Crocs in a research note on Friday, July 31st. Seaport Research Partners boosted their target price on Crocs from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Barclays upgraded shares of Crocs from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $118.00 to $139.00 in a research report on Thursday, October 15th. Finally, Wall Street Zen upgraded shares of Crocs from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.20.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 19,072 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 713,293 shares of the company's stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Beth Kaplan purchased 885 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $112.12 per share, with a total value of $99,226.20. Following the completion of the transaction, the director owned 15,259 shares in the company, valued at approximately $1,710,839.08. This trade represents a 6.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Several large investors have recently added to or reduced their stakes in CROX. Mirae Asset Global Investments Co. Ltd. bought a new position in Crocs during the third quarter valued at about $62,000. Vise Technologies Inc. grew its holdings in Crocs by 253.5% in the 3rd quarter. Vise Technologies Inc. now owns 7,799 shares of the textile maker's stock worth $915,000 after acquiring an additional 5,593 shares during the last quarter. State of Wyoming lifted its stake in Crocs by 531.1% in the third quarter. State of Wyoming now owns 4,651 shares of the textile maker's stock worth $546,000 after acquiring an additional 3,914 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Crocs by 93.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 38,182 shares of the textile maker's stock worth $4,479,000 after acquiring an additional 18,400 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Crocs by 118.7% during the third quarter. Signaturefd LLC now owns 785 shares of the textile maker's stock worth $92,000 after acquiring an additional 426 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Crocs Price Performance

The stock has a market capitalization of $7.02 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.99 and a beta of 1.56. The firm has a fifty day moving average price of $119.37 and a two-hundred day moving average price of $109.09. 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 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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