Crocs (NASDAQ:CROX) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Crocs shares crossed above their 200-day moving average, reaching $123.52 before last trading at approximately $117.43. The stock’s 50-day moving average was $124.71.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $139.10; ratings include one Strong Buy, ten Buys, seven Holds and two Sells.
• Crocs exceeded quarterly expectations, reporting $4.55 in adjusted EPS and $1.18 billion in revenue, while revenue increased 2.6% year over year. CEO Andrew Rees sold shares, while director Beth Kaplan purchased shares.

Shares of Crocs, Inc. (NASDAQ:CROX - Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $114.35 and traded as high as $123.52. Crocs shares last traded at $117.4330, with a volume of 1,036,754 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CROX shares. Barclays upped their price objective on shares of Crocs from $110.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Wedbush started coverage on Crocs in a report on Monday, June 8th. They issued an "outperform" rating for the company. Bank of America lifted their price target on Crocs from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Scotiabank assumed coverage on Crocs in a research note on Monday, June 8th. They issued an "outperform" rating for the company. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Crocs in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and an average target price of $139.10.

Crocs Stock Down 4.2%

The stock has a 50 day moving average of $124.71 and a 200-day moving average of $114.35. The firm has a market capitalization of $5.63 billion, a P/E ratio of 10.15, a PEG ratio of 1.02 and a beta of 1.52. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. Research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 19,072 shares of the company'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 sale, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Beth Kaplan bought 885 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were bought at an average price of $112.12 per share, for a total transaction of $99,226.20. Following the transaction, the director owned 15,259 shares of the company's stock, valued at approximately $1,710,839.08. This represents a 6.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of Crocs

A number of institutional investors have recently added to or reduced their stakes in CROX. Cim Investment Management Inc. bought a new position in Crocs in the 2nd quarter worth about $213,000. QRG Capital Management Inc. grew its holdings in Crocs by 14.9% during the 2nd quarter. QRG Capital Management Inc. now owns 2,849 shares of the textile maker's stock valued at $344,000 after buying an additional 369 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Crocs during the second quarter valued at about $233,000. WINTON GROUP Ltd bought a new stake in shares of Crocs during the second quarter valued at about $1,556,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Crocs by 270.6% in the second quarter. Engineers Gate Manager LP now owns 9,872 shares of the textile maker's stock worth $1,191,000 after buying an additional 7,208 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its molded clogs made from Croslite, a proprietary material designed to provide lightweight comfort and water resistance. The company's product portfolio also includes sandals, slides, boots, sneakers and other casual footwear, along with Jibbitz charms and accessories that allow consumers to personalize Crocs shoes.

Founded in 2002, Crocs sells its products through company-operated and partner retail stores, e-commerce websites, wholesale partners and third-party digital marketplaces.

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