Crocs (NASDAQ:CROX) Hits New 1-Year High – Here’s Why

Shares of Crocs, Inc. (NASDAQ:CROX) hit a new 52-week high on Monday . The stock traded as high as $122.50 and last traded at $124.1790, with a volume of 23829 shares changing hands. The stock had previously closed at $119.35.

Analyst Ratings Changes

CROX has been the topic of several recent research reports. Needham & Company LLC upped their price objective on Crocs from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Robert W. Baird raised shares of Crocs from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $115.00 to $150.00 in a report on Monday. BTIG Research initiated coverage on shares of Crocs in a research note on Tuesday, March 10th. They issued a “neutral” rating for the company. Stifel Nicolaus increased their price target on shares of Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Williams Trading set a $150.00 price objective on shares of Crocs in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average price target of $117.64.

Crocs Stock Performance

The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The firm’s fifty day moving average is $103.85 and its 200 day moving average is $92.50. The company has a market cap of $6.35 billion, a PE ratio of -92.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.57.

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

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at $87,775,470.37. The trade was a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.

Institutional Trading of Crocs

Large investors have recently bought and sold shares of the business. Root Financial Partners LLC boosted its stake in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after buying an additional 157 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Crocs in the 4th quarter worth $39,000. Parallel Advisors LLC raised its holdings in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Crocs during the 3rd quarter worth $48,000. Finally, IMA Advisory Services Inc. boosted its position in shares of Crocs by 72.7% during 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. Hedge funds and other institutional investors 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.