Crocs (NASDAQ:CROX) Hits New 1-Year High – Still a Buy?

Crocs, Inc. (NASDAQ:CROX)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $129.70 and last traded at $128.9950, with a volume of 134156 shares traded. The stock had previously closed at $126.27.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CROX shares. Scotiabank started coverage on shares of Crocs in a report on Monday, June 8th. They set an “outperform” rating for the company. Seaport Research Partners upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target for the company in a report on Tuesday, April 14th. The Goldman Sachs Group lowered shares of Crocs from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. Royal Bank Of Canada assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued an “overweight” rating for the company. Finally, Piper Sandler cut Crocs from a “neutral” rating to a “neutral” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Crocs Stock Performance

The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The company’s fifty day simple moving average is $107.22 and its two-hundred day simple moving average is $93.74. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of -93.09, a P/E/G ratio of 1.29 and a beta of 1.57.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million for the quarter, compared to the consensus estimate of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. On average, analysts forecast that Crocs, Inc. will post 13.67 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares of the company’s stock, valued at $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crocs

A number of hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Torren Management LLC purchased a new position in Crocs during the fourth quarter worth about $39,000. Parallel Advisors LLC grew its position in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after purchasing an additional 186 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Crocs during the 3rd quarter worth approximately $48,000. Finally, National Bank of Canada FI boosted its stake in shares of Crocs by 597.3% in the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after buying an additional 663 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.