Crocs (NASDAQ:CROX) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Crocs (NASDAQ:CROX) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other brokerages have also commented on CROX. Piper Sandler lowered Crocs from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $75.00 in a research report on Monday, September 22nd. Stifel Nicolaus upped their price objective on shares of Crocs from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, October 31st. Wall Street Zen lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Bank of America decreased their target price on shares of Crocs from $99.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Finally, Monness Crespi & Hardt increased their price target on Crocs from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.42.

Crocs Price Performance

NASDAQ CROX opened at $85.52 on Tuesday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 27.86 and a beta of 1.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.40 and a quick ratio of 0.83. The stock’s fifty day moving average price is $84.19 and its 200 day moving average price is $88.55. Crocs has a 1 year low of $73.21 and a 1 year high of $122.84.

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

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 3,000 shares of Crocs stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average price of $74.50 per share, with a total value of $223,500.00. Following the acquisition, the director owned 18,417 shares of the company’s stock, valued at $1,372,066.50. This trade represents a 19.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Crocs

Institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its position in shares of Crocs by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the textile maker’s stock valued at $1,600,000 after buying an additional 100 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Crocs by 4.7% during the second quarter. TD Private Client Wealth LLC now owns 2,493 shares of the textile maker’s stock valued at $252,000 after purchasing an additional 113 shares in the last quarter. Blue Trust Inc. lifted its holdings in Crocs by 4.7% during the second quarter. Blue Trust Inc. now owns 2,571 shares of the textile maker’s stock valued at $260,000 after purchasing an additional 116 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Crocs by 1.1% in the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock valued at $1,085,000 after purchasing an additional 120 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of Crocs by 1.8% during the second quarter. Vontobel Holding Ltd. now owns 7,216 shares of the textile maker’s stock worth $731,000 after purchasing an additional 126 shares in the last quarter. 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.