Crocs (NASDAQ:CROX) Price Target Lowered to $98.00 at Bank of America

Crocs (NASDAQ:CROX) had its price target lowered by Bank of America from $99.00 to $98.00 in a report issued on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the textile maker’s stock.

Several other equities research analysts also recently commented on CROX. Needham & Company LLC boosted their target price on Crocs from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Barclays reissued an “equal weight” rating and set a $81.00 price objective (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. UBS Group decreased their target price on shares of Crocs from $110.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Citigroup cut shares of Crocs to a “negative” rating in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group reduced their price target on shares of Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Crocs presently has a consensus rating of “Hold” and an average price target of $101.92.

Crocs Price Performance

Shares of CROX opened at $84.03 on Tuesday. Crocs has a fifty-two week low of $73.76 and a fifty-two week high of $139.96. The firm’s 50-day simple moving average is $82.90 and its two-hundred day simple moving average is $94.88. The stock has a market cap of $4.59 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.22. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. Analysts anticipate that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In related news, EVP Susan L. Healy acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the transaction, the executive vice president directly owned 50,078 shares in the company, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Replogle bought 3,261 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director directly owned 15,417 shares of the company’s stock, valued at $1,182,329.73. The trade was a 26.83% increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Motley Fool Wealth Management LLC grew its stake in shares of Crocs by 82.6% during the 1st quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker’s stock valued at $10,830,000 after purchasing an additional 46,124 shares during the period. Entropy Technologies LP purchased a new position in shares of Crocs in the first quarter worth approximately $905,000. Intech Investment Management LLC grew its position in Crocs by 60.4% during the first quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker’s stock valued at $5,272,000 after buying an additional 18,697 shares during the period. Versor Investments LP bought a new stake in Crocs during the first quarter valued at approximately $1,275,000. Finally, Baird Financial Group Inc. increased its holdings in Crocs by 4.8% during the first quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker’s stock valued at $26,681,000 after buying an additional 11,397 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.