Crocs (NASDAQ:CROX) Hits New 1-Year High – Here’s What Happened

Crocs, Inc. (NASDAQ:CROX)’s share price hit a new 52-week high on Thursday . The company traded as high as $135.49 and last traded at $133.37, with a volume of 1189976 shares. The stock had previously closed at $131.17.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CROX shares. Williams Trading set a $150.00 price objective on Crocs in a research report on Tuesday, June 9th. Stifel Nicolaus increased their target price on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, June 15th. Robert W. Baird upgraded Crocs from a “neutral” rating to an “outperform” rating and raised their target price for the company from $115.00 to $150.00 in a research note on Monday, June 8th. Piper Sandler raised shares of Crocs from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $95.00 to $150.00 in a report on Friday, June 26th. Finally, UBS Group upgraded shares of Crocs from a “neutral” rating to a “buy” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Crocs Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $119.40 and a 200-day moving average price of $100.10. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of -99.37, a P/E/G ratio of 1.44 and a beta of 1.55.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $3.00 EPS. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, equities research analysts forecast that Crocs, Inc. will post 13.67 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 743,293 shares in the company, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Crocs

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in Crocs by 1.1% in the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock valued at $1,085,000 after purchasing an additional 120 shares in the last quarter. Root Financial Partners LLC lifted its position in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares during the period. L2 Asset Management LLC grew its stake in Crocs by 5.4% during the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock worth $284,000 after buying an additional 169 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Crocs by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker’s stock worth $373,000 after buying an additional 176 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after buying an additional 186 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Crocs

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.