Crocs (NASDAQ:CROX) Shares Cross Above 50 Day Moving Average – Should You Sell?

Shares of Crocs, Inc. (NASDAQ:CROX) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $119.86 and traded as high as $151.82. Crocs shares last traded at $150.26, with a volume of 4,895,137 shares traded.

Key Crocs News

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Adjusted earnings were $3.69 per share, exceeding the $3.31 consensus estimate, while revenue rose 4.6% year over year to $1.04 billion, ahead of expectations. Crocs Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: The HEYDUDE turnaround gained traction, with brand revenue up 6.1%, while Crocs Brand revenue increased 4.4%. Management expects fourth-quarter revenue to grow approximately 7% to 9% year over year. Crocs shares surge on raised forecast
• Positive Sentiment: Crocs raised its full-year revenue-growth outlook to approximately 3%, up from prior guidance of 1% to 2%, and also increased its earnings outlook. Gross margin expanded to 66.2% from 58.5%, while the company repurchased about 2 million shares for $250 million. Crocs reports strong third-quarter results
• Positive Sentiment: Needham raised its price target from $150 to $190 and assigned a “buy” rating, reinforcing investor confidence in the earnings recovery. Needham raises Crocs price target
• Neutral Sentiment: The broader market and footwear-sector rally provided an additional tailwind. However, analysts noted that a tariff refund boosted GAAP earnings, and growth remains stronger internationally than in some other markets. Crocs lifts outlook as growth shifts overseas

Analysts Set New Price Targets

CROX has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Barclays upgraded shares of Crocs from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $118.00 to $139.00 in a research report on Thursday, October 15th. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “sell” rating and set a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. Finally, Robert W. Baird set a $163.00 target price on Crocs in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.20.

Crocs Stock Performance

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The company has a market capitalization of $7.20 billion, a PE ratio of 12.99, a P/E/G ratio of 1.00 and a beta of 1.56. The stock has a 50-day simple moving average of $119.86 and a 200 day simple moving average of $109.41.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.92 earnings per share. Equities analysts anticipate that Crocs, Inc. will post 13.97 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, Director Beth Kaplan bought 885 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $112.12 per share, for a total transaction of $99,226.20. Following the acquisition, the director owned 15,259 shares of the company’s stock, valued at $1,710,839.08. The trade was a 6.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Rees sold 19,072 shares of the firm’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 transaction, the chief executive officer owned 713,293 shares of the company’s stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crocs

Institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC grew its holdings in Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after buying an additional 157 shares during the last quarter. Versant Capital Management Inc increased its position in Crocs by 95.9% during the third quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock worth $34,000 after buying an additional 142 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Crocs in the second quarter worth $42,000. Allworth Financial LP acquired a new position in shares of Crocs in the second quarter worth $53,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Crocs in the second quarter valued at $55,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

About Crocs

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.