Crocs (NASDAQ:CROX) Stock Price Down 3.9% - Time to Sell?

Key Points

• Crocs shares fell 3.9% to about $120.95 in low-volume trading, below the $129.45 50-day moving average but above the $108.80 200-day average.
• Despite the decline, analyst sentiment remains positive: Crocs has a consensus rating of “Moderate Buy” and an average price target of $139.10, with several firms raising targets to $160.
• The company exceeded quarterly expectations, reporting $4.55 in EPS versus $4.35 expected and $1.18 billion in revenue; however, insiders have sold 62,688 shares worth roughly $8 million over the past 90 days.

Crocs, Inc. (NASDAQ:CROX - Get Free Report) traded down 3.9% during trading on Tuesday . The stock traded as low as $121.82 and last traded at $120.9540. 51,095 shares were traded during trading, a decline of 96% from the average daily volume of 1,204,782 shares. The stock had previously closed at $125.84.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued an "outperform" rating on the stock. Monness Crespi & Hardt increased their price target on shares of Crocs from $130.00 to $160.00 and gave the company a "buy" rating in a report on Friday, July 31st. Weiss Ratings upgraded Crocs from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. Stifel Nicolaus increased their target price on Crocs from $105.00 to $125.00 and gave the stock a "hold" rating in a research note on Monday, June 15th. Finally, Bank of America boosted their price target on Crocs from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and a consensus target price of $139.10.

Crocs Trading Down 2.7%

The firm's fifty day simple moving average is $129.45 and its 200 day simple moving average is $108.80. The stock has a market capitalization of $5.87 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53. 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 issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion during 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 firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($8.82) EPS. 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, equities research analysts forecast that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 62,688 shares of company stock valued at $8,014,859. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Crocs by 159.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker's stock valued at $79,000 after purchasing an additional 459 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Crocs by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker's stock valued at $22,441,000 after purchasing an additional 8,331 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Crocs by 278.1% in the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker's stock valued at $87,000 after buying an additional 634 shares in the last quarter. First Trust Advisors LP boosted its position in Crocs by 14.3% in the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker's stock valued at $11,365,000 after buying an additional 14,067 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Crocs during the second quarter worth $6,290,000. Institutional investors own 93.44% of the company's stock.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company's product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.

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