Crocs (NASDAQ:CROX) Trading Down 3.9% – What’s Next?

Crocs, Inc. (NASDAQ:CROX) was down 3.9% on Tuesday . The stock traded as low as $121.82 and last traded at $120.9540. Approximately 51,095 shares traded hands during trading, a decline of 96% from the average session volume of 1,204,782 shares. The stock had previously closed at $125.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Crocs in a report on Monday, June 8th. They issued an “overweight” rating for the company. Piper Sandler restated an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Needham & Company LLC upped their price objective on Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, July 24th. UBS Group raised their price objective on shares of Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, Wedbush began coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.10.

Crocs Stock Performance

The stock has a 50 day moving average of $129.45 and a 200 day moving average of $108.80. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted ($8.82) EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, analysts predict that Crocs, Inc. will post 13.95 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 62,688 shares of company stock worth $8,014,859 over the last ninety days. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC grew its stake in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares during the period. Torren Management LLC acquired a new stake in shares of Crocs during the 4th quarter worth approximately $39,000. Parallel Advisors LLC grew its position in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after buying an additional 186 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Crocs in the 2nd quarter valued at $42,000. Finally, Allworth Financial LP bought a new position in Crocs during the second quarter worth $53,000. 93.44% of the stock is owned by 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.