Crocs (NASDAQ:CROX) Reaches New 12-Month High – Time to Buy?

Crocs, Inc. (NASDAQ:CROX) shares hit a new 52-week high on Tuesday . The company traded as high as $113.44 and last traded at $112.72, with a volume of 56856 shares trading hands. The stock had previously closed at $110.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Needham & Company LLC lifted their price target on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Seaport Research Partners upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Tuesday, April 14th. Monness Crespi & Hardt lifted their price target on shares of Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Williams Trading raised Crocs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.73.

Crocs Trading Up 2.0%

The company has a 50 day moving average of $96.41 and a 200-day moving average of $89.71. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of -85.79, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54.

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

Institutional Investors Weigh In On Crocs

Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC raised its position in Crocs by 96.3% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Torren Management LLC acquired a new stake in Crocs in the 4th quarter valued at about $39,000. Parallel Advisors LLC raised its position 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 purchasing an additional 186 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Crocs in the 3rd quarter valued at about $48,000. Finally, IMA Advisory Services Inc. increased its holdings in shares of Crocs by 72.7% in the 3rd quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.