Crocs (NASDAQ:CROX) Reaches New 12-Month High – Should You Buy?

Shares of Crocs, Inc. (NASDAQ:CROX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $129.70 and last traded at $128.9950, with a volume of 134156 shares. The stock had previously closed at $126.27.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CROX. The Goldman Sachs Group downgraded Crocs from a “sell” rating to a “neutral” rating in a research report on Monday, June 8th. Wedbush initiated coverage on shares of Crocs in a report on Monday, June 8th. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. UBS Group raised shares of Crocs from a “neutral” rating to a “buy” rating in a report on Monday, June 8th. Finally, Williams Trading set a $150.00 price objective on shares of Crocs in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.00.

Crocs Stock Down 2.0%

The stock has a market capitalization of $6.19 billion, a PE ratio of -90.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The business’s fifty day moving average price is $108.79 and its two-hundred day moving average price is $94.31.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. The firm had revenue of $921.46 million for the quarter, compared to analyst estimates of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $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. On average, equities research analysts forecast that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the sale, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Crocs

Several hedge funds have recently added to or reduced their stakes in the business. 7G Capital Management LLC purchased a new stake in Crocs in the first quarter valued at $3,445,000. Bank of America Corp DE boosted its holdings in Crocs by 130.1% in the first quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker’s stock valued at $28,397,000 after purchasing an additional 193,426 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Crocs by 16.7% in the first quarter. Edgestream Partners L.P. now owns 26,045 shares of the textile maker’s stock valued at $2,162,000 after purchasing an additional 3,722 shares during the last quarter. Amundi boosted its holdings in Crocs by 191.1% in the first quarter. Amundi now owns 12,011 shares of the textile maker’s stock valued at $997,000 after purchasing an additional 7,885 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Crocs by 16.3% in the first quarter. California State Teachers Retirement System now owns 60,066 shares of the textile maker’s stock valued at $4,987,000 after purchasing an additional 8,440 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.