Crocs (NASDAQ:CROX) Hits New 1-Year High After Better-Than-Expected Earnings

Shares of Crocs, Inc. (NASDAQ:CROX) hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $143.00 and last traded at $141.2290, with a volume of 194,672 shares trading hands. The stock had previously closed at $119.69.

The textile maker reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.38. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%. Crocs’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 EPS.

Crocs News Summary

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Third-quarter revenue increased 4.6% year over year to $1.043 billion, exceeding analysts’ expectations of approximately $1 billion. Adjusted EPS was $3.69, above the $3.31 consensus estimate, while GAAP diluted EPS rose 67.4% to $4.52. Crocs Q3 revenue edges up 4.6% to $1.04 billion
• Positive Sentiment: Management raised full-year 2026 revenue-growth guidance to approximately 3%, up from its prior 1%–2% forecast, marking the third outlook increase for the year. The company also raised its full-year earnings outlook. Crocs, Inc. Reports Strong Third Quarter 2026 Results
• Positive Sentiment: Sales growth was broad-based: Crocs Brand revenue increased 4.4%, HEYDUDE revenue returned to growth with a 6.1% gain, and direct-to-consumer revenue rose 6.9%. Gross margin expanded to 66.2% from 58.5%, helping operating income climb 40.6% to $291.9 million. Crocs soars after showing broad sales momentum in Q3
• Positive Sentiment: Crocs repurchased approximately 2 million shares for $250 million during the quarter and repaid $21 million of debt, providing additional support for per-share results and the balance sheet.
• Neutral Sentiment: Fourth-quarter revenue is expected to increase approximately 7%–9% year over year, with adjusted EPS guidance of $3.25–$3.45. Investors will monitor whether the holiday season sustains the company’s improved momentum. Crocs Q4 adjusted EPS guidance
• Negative Sentiment: Recent insider activity has been mixed, with CEO Andrew Rees reporting sales of 62,688 shares over the past six months. This may draw some investor attention, although it does not offset the stronger operating results.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised Crocs from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $118.00 to $139.00 in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. The Goldman Sachs Group reissued a “sell” rating and issued a $95.00 price objective on shares of Crocs in a research note on Friday, July 31st. UBS Group raised their price target on Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC increased their price target on shares of Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.20.

Insider Transactions at Crocs

In related news, Director Beth J. Kaplan bought 885 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $112.12 per share, with a total value of $99,226.20. Following the transaction, the director owned 15,259 shares of the company’s stock, valued at approximately $1,710,839.08. This trade represents a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.10% of the company’s stock.

Institutional Trading of Crocs

Hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Crocs during the third quarter worth approximately $62,000. Vise Technologies Inc. boosted its position in shares of Crocs by 253.5% during the 3rd quarter. Vise Technologies Inc. now owns 7,799 shares of the textile maker’s stock valued at $915,000 after purchasing an additional 5,593 shares in the last quarter. State of Wyoming increased its holdings in shares of Crocs by 531.1% in the third quarter. State of Wyoming now owns 4,651 shares of the textile maker’s stock valued at $546,000 after buying an additional 3,914 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Crocs by 93.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 38,182 shares of the textile maker’s stock worth $4,479,000 after purchasing an additional 18,400 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Crocs by 118.7% during the 3rd quarter. Signaturefd LLC now owns 785 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 426 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Performance

The firm’s 50 day simple moving average is $119.37 and its 200-day simple moving average is $109.09. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.99 and a beta of 1.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.