Crocs (NASDAQ:CROX) Director Beth Kaplan Acquires 885 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) Director Beth Kaplan acquired 885 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $112.12 per share, for a total transaction of $99,226.20. Following the transaction, the director directly owned 15,259 shares of the company’s stock, valued at approximately $1,710,839.08. This trade represents a 6.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Crocs Trading Up 3.5%

NASDAQ:CROX opened at $115.40 on Thursday. The firm has a market cap of $5.53 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The stock has a fifty day moving average price of $126.86 and a 200 day moving average price of $111.65. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on CROX. Wedbush began coverage on shares of Crocs in a research report on Monday, June 8th. They issued an “outperform” rating on the stock. Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. Scotiabank initiated coverage on Crocs in a report on Monday, June 8th. They issued an “outperform” rating on the stock. Needham & Company LLC raised their price target on Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Barclays increased their price objective on Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven 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 “Moderate Buy” and a consensus price target of $139.10.

Institutional Trading of Crocs

Several institutional investors and hedge funds have recently made changes to their positions in CROX. Sequoia Financial Advisors LLC acquired a new stake in shares of Crocs in the second quarter valued at approximately $233,000. WINTON GROUP Ltd acquired a new position in shares of Crocs in the 2nd quarter valued at $1,556,000. Engineers Gate Manager LP increased its holdings in shares of Crocs by 270.6% in the 2nd quarter. Engineers Gate Manager LP now owns 9,872 shares of the textile maker’s stock valued at $1,191,000 after acquiring an additional 7,208 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Crocs in the 2nd quarter valued at $97,000. Finally, Baird Financial Group Inc. raised its position in Crocs by 450.1% in the 2nd quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock valued at $20,068,000 after purchasing an additional 136,106 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Company Profile

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.