Crocs (NASDAQ:CROX) Hits New 52-Week High – Should You Buy?

Crocs, Inc. (NASDAQ:CROX)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $113.44 and last traded at $112.72, with a volume of 56856 shares traded. The stock had previously closed at $110.44.

Wall Street Analysts Forecast Growth

CROX has been the topic of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Crocs from $71.00 to $81.00 and gave the stock a “sell” rating in a report on Friday, February 13th. Weiss Ratings cut shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. UBS Group upped their price target on shares of Crocs from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Monness Crespi & Hardt upped their price target on shares of Crocs from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Seaport Research Partners raised shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.73.

Crocs Price Performance

The firm’s 50-day moving average is $94.86 and its 200-day moving average is $89.17. The company has a market capitalization of $5.72 billion, a PE ratio of -83.40, a price-to-earnings-growth ratio of 1.08 and a beta of 1.54. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. During the same period in the previous year, the business earned $3.00 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Equities analysts predict that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Institutional Trading of Crocs

Institutional investors have recently added to or reduced their stakes in the business. Step Capital Management Pte. Ltd. purchased a new stake in Crocs during the fourth quarter valued at about $1,710,000. Marshall Financial Group LLC purchased a new stake in Crocs during the fourth quarter valued at about $1,237,000. TD Waterhouse Canada Inc. purchased a new stake in Crocs during the third quarter valued at about $3,206,000. Brevan Howard Capital Management LP boosted its position in Crocs by 41.6% during the third quarter. Brevan Howard Capital Management LP now owns 44,212 shares of the textile maker’s stock valued at $3,694,000 after buying an additional 12,995 shares during the period. Finally, MH & Associates Securities Management Corp ADV purchased a new stake in Crocs during the fourth quarter valued at about $1,736,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.