Crocs (NASDAQ:CROX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Crocs (NASDAQ:CROX) from a buy rating to a strong-buy rating in a research note released on Sunday,Wall Street Zen reports.

Several other research firms have also recently issued reports on CROX. Robert W. Baird set a $163.00 price objective on Crocs in a research report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Crocs from $150.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Seaport Research Partners upped their price target on shares of Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. UBS Group increased their price target on shares of Crocs from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Friday. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $128.00 price objective on shares of Crocs in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average price target of $158.30.

Crocs Price Performance

Shares of CROX opened at $153.61 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average is $121.58 and its two-hundred day moving average is $110.42. Crocs has a twelve month low of $73.21 and a twelve month high of $156.75. The firm has a market capitalization of $7.02 billion, a PE ratio of 11.47, a P/E/G ratio of 1.22 and a beta of 1.49.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, beating the consensus estimate of $3.31 by $0.38. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned $2.92 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that Crocs will post 14.62 earnings per share for the current year.

Insider Transactions at Crocs

In related news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the transaction, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Beth Kaplan acquired 885 shares of Crocs stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $112.12 per share, with a total value of $99,226.20. Following the completion of the acquisition, the director owned 15,259 shares of the company’s stock, valued at $1,710,839.08. The trade was a 6.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 47,645 shares of company stock valued at $6,856,434. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Crocs in the third quarter valued at approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Crocs by 95.9% during the third quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock valued at $34,000 after buying an additional 142 shares during the period. Global Retirement Partners LLC acquired a new stake in Crocs during the second quarter worth approximately $42,000. Heritage Family Offices LLP acquired a new stake in Crocs during the third quarter worth approximately $45,000. Finally, Allworth Financial LP acquired a new stake in Crocs during the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs reported third-quarter adjusted earnings of $3.69 per share, ahead of the $3.31 consensus, and revenue of $1.04 billion versus roughly $1.00 billion expected. Revenue grew 4.7% year over year, and management raised its full-year profit outlook—key reasons for the stock’s recent sharp rally. Article: Crocs Stock Skyrockets on Higher Full-Year Profit Guidance
• Positive Sentiment: Analyst price-target estimates moved higher: one report cited a 16.56% increase in the consensus target to $163.49, while another noted a target raised to $178. These revisions may reinforce investor optimism after the earnings update. Article: Crocs Consensus Price Target Increased Article: Crocs Price Target Raised to $178
• Positive Sentiment: Recent analysis points to international growth and diversification as supports for margin expansion. A November Pokémon shoe launch could also provide a product and licensing boost. Article: CROX Q3 Deep Dive
• Positive Sentiment: Zacks highlighted CROX as a strong-momentum stock and assigned it a #1 (Strong Buy) rank, adding to favorable market positioning. Article: Crocs Is a Zacks Strong Buy
• Neutral Sentiment: HEYDUDE launched a holiday campaign featuring Riley Green. The marketing effort may increase brand visibility, though its financial impact is not yet clear. Article: HEYDUDE Holiday Campaign
• Negative Sentiment: Director Ronald Frasch sold 15,000 shares, reducing his holdings by 19.69%; EVP Rupert George Campbell sold 2,645 shares, trimming his position by 3.71%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in company outlook. SEC filing: Ronald Frasch transaction SEC filing: Rupert George Campbell transaction

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.