Crocs (NASDAQ:CROX) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Crocs (NASDAQ:CROX) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

A number of other research firms have also weighed in on CROX. Citigroup lowered Crocs to a “negative” rating in a research report on Tuesday, October 7th. Monness Crespi & Hardt increased their target price on Crocs from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Barclays raised their price target on Crocs from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Weiss Ratings upgraded shares of Crocs from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, KeyCorp reduced their price objective on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.42.

Crocs Stock Up 1.2%

Shares of Crocs stock opened at $75.00 on Friday. Crocs has a 1 year low of $73.52 and a 1 year high of $122.84. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.97 and a beta of 1.51. The company has a 50-day moving average of $81.68 and a 200 day moving average of $93.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data 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 business had revenue of $996.30 million for the quarter, compared to analyst estimates of $960.14 million. Crocs had a net margin of 5.72% and a return on equity of 44.15%. Crocs’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter 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, sell-side analysts anticipate that Crocs will post 13.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Lisanti Capital Growth LLC purchased a new position in shares of Crocs in the 2nd quarter worth $3,138,000. Motley Fool Wealth Management LLC lifted its holdings in Crocs by 82.6% in the first quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker’s stock valued at $10,830,000 after acquiring an additional 46,124 shares during the period. Entropy Technologies LP bought a new position in Crocs in the first quarter valued at about $905,000. Intech Investment Management LLC boosted its position in Crocs by 60.4% in the first quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker’s stock worth $5,272,000 after purchasing an additional 18,697 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Crocs during the 1st quarter valued at about $1,275,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Company Profile

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.