Crocs, Inc. (NASDAQ:CROX – Get Free Report) Director Beth Kaplan acquired 885 shares of the company’s stock in a transaction that occurred 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 in the company, 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 document filed with the SEC, which is available through this link.
Crocs Stock Performance
Crocs stock traded up $3.92 during midday trading on Wednesday, reaching $115.40. 1,255,723 shares of the stock traded hands, compared to its average volume of 1,191,436. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $127.00 and a two-hundred day moving average price of $111.49. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.93 and a beta of 1.52. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28.
Crocs (NASDAQ:CROX – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, equities research analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current year.
Hedge Funds Weigh In On Crocs
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CROX. Root Financial Partners LLC grew its holdings in shares of Crocs by 96.3% during the first 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 in the last quarter. Global Retirement Partners LLC purchased a new stake in Crocs in the 2nd quarter worth about $42,000. Allworth Financial LP purchased a new stake in Crocs in the 2nd quarter worth about $53,000. Persistent Asset Partners Ltd acquired a new stake in Crocs during the 2nd quarter worth about $55,000. Finally, State of Wyoming acquired a new stake in Crocs during the 2nd quarter worth about $89,000. 93.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CROX shares. Barclays boosted their price target on Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research report 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 report on Friday, July 31st. Needham & Company LLC lifted their price objective on shares of Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Crocs in a report on Monday, June 8th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.10.
View Our Latest Stock Report on Crocs
About Crocs
Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.
Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.
See Also
- Five stocks we like better than Crocs
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Crocs Right Now?
Before you consider Crocs, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Crocs wasn’t on the list.
While Crocs currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
