Crocs (NASDAQ:CROX) Price Target Raised to $132.00

Crocs (NASDAQ:CROX) had its price target lifted by stock analysts at Needham & Company LLC from $118.00 to $132.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 18.72% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Piper Sandler reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Crocs in a report on Thursday, February 12th. Robert W. Baird set a $110.00 price objective on Crocs in a research report on Friday, February 13th. Seaport Research Partners raised Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, April 14th. Monness Crespi & Hardt upped their target price on Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, UBS Group raised their price target on shares of Crocs from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.73.

Crocs Price Performance

Shares of CROX opened at $111.19 on Tuesday. Crocs has a 12-month low of $73.21 and a 12-month high of $122.84. The business has a 50-day simple moving average of $89.22 and a two-hundred day simple moving average of $85.91. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 0.95. The stock has a market cap of $5.59 billion, a PE ratio of -88.25, a PEG ratio of 1.23 and a beta of 1.54.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.37. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The business had revenue of $957.64 million during the quarter, compared to analysts’ expectations of $916.16 million. During the same quarter in the prior year, the firm earned $2.52 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. Analysts anticipate that Crocs will post 13.39 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, EVP Anne Mehlman sold 12,145 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the completion of the transaction, the executive vice president owned 131,112 shares in the company, valued at approximately $13,119,066.72. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Several large investors have recently added to or reduced their stakes in CROX. AQR Capital Management LLC grew its stake in Crocs by 399.0% during the third 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. Norges Bank acquired a new stake in Crocs during the fourth quarter worth approximately $67,545,000. Smead Capital Management Inc. acquired a new stake in Crocs during the third quarter worth approximately $52,978,000. Himalaya Capital Management LLC acquired a new stake in Crocs during the fourth quarter worth approximately $53,720,000. Finally, American Century Companies Inc. grew its stake in Crocs by 144.4% during the third quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock worth $59,939,000 after purchasing an additional 423,817 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.