Crocs (NASDAQ:CROX) Stock Rating Upgraded by Zacks Research

Crocs (NASDAQ:CROX) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also weighed in on CROX. KeyCorp cut their target price on Crocs from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Stifel Nicolaus increased their price objective on Crocs from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Crocs in a research note on Monday. Bank of America reduced their target price on Crocs from $99.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, UBS Group decreased their target price on Crocs from $110.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.42.

Crocs Price Performance

Shares of CROX opened at $85.25 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 1.40. The firm has a market cap of $4.43 billion, a PE ratio of 27.77 and a beta of 1.54. The firm’s 50 day moving average price is $81.32 and its 200 day moving average price is $90.91. Crocs has a twelve month low of $73.21 and a twelve month high of $122.84.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, October 30th. The textile maker reported $2.92 EPS for the quarter, topping the consensus estimate of $2.36 by $0.56. The company had revenue of $996.30 million during the quarter, compared to the consensus estimate of $960.14 million. Crocs had a net margin of 4.48% and a return on equity of 43.14%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 earnings per share. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. As a group, research analysts expect that Crocs will post 13.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the acquisition, the director directly owned 18,417 shares in the company, valued at $1,372,066.50. This represents a 19.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crocs

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners raised its stake in Crocs by 2,659.1% during the 2nd quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock valued at $171,003,000 after purchasing an additional 1,627,190 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after purchasing an additional 1,012,943 shares during the period. New Vernon Capital Holdings II LLC raised its position in shares of Crocs by 10,520.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker’s stock valued at $76,389,000 after buying an additional 712,520 shares during the last quarter. Smead Capital Management Inc. acquired a new position in shares of Crocs during the third quarter valued at about $52,978,000. Finally, Norges Bank bought a new stake in shares of Crocs in the second quarter valued at about $56,710,000. Institutional investors own 93.44% of the company’s stock.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.