Needham & Company LLC Reiterates “Buy” Rating for Crocs (NASDAQ:CROX)

Crocs (NASDAQ:CROX)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research report issued on Friday,Benzinga reports. They presently have a $100.00 price objective on the textile maker’s stock. Needham & Company LLC’s target price suggests a potential upside of 13.33% from the company’s current price.

CROX has been the subject of a number of other reports. Citigroup downgraded shares of Crocs to a “negative” rating in a research report on Tuesday, October 7th. Stifel Nicolaus increased their price objective on Crocs from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Crocs in a research report on Monday. Piper Sandler cut Crocs from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $75.00 in a research report on Monday, September 22nd. Finally, Wall Street Zen downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $103.42.

Crocs Trading Down 1.2%

Shares of Crocs stock opened at $88.24 on Friday. Crocs has a 1 year low of $73.21 and a 1 year high of $122.84. The firm has a market cap of $4.58 billion, a PE ratio of 28.74 and a beta of 1.54. The stock has a fifty day moving average price of $81.79 and a 200-day moving average price of $90.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.40 and a quick ratio of 0.83.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.56. The company had revenue of $996.30 million for the quarter, compared to the consensus estimate of $960.14 million. Crocs had a net margin of 4.48% and a return on equity of 43.14%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.60 EPS. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. Equities research analysts anticipate that Crocs will post 13.2 EPS for the current year.

Insider Activity at Crocs

In related news, Director John B. Replogle purchased 3,000 shares of Crocs stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the transaction, the director owned 18,417 shares in the company, valued at $1,372,066.50. This trade represents a 19.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new position in Crocs during the 1st quarter valued at about $40,000. Parallel Advisors LLC boosted its position in shares of Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares during the period. Allworth Financial LP grew its stake in Crocs by 120.7% during the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 245 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Crocs during the 2nd quarter worth approximately $48,000. Finally, Employees Retirement System of Texas bought a new stake in Crocs during the 2nd quarter worth approximately $49,000. 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.