Williams Trading Upgrades Crocs (NASDAQ:CROX) to Strong-Buy

Crocs (NASDAQ:CROX) was upgraded by equities researchers at Williams Trading from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus raised their price target on Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Friday, February 13th. KeyCorp reissued a “sector weight” rating on shares of Crocs in a report on Thursday, January 22nd. Piper Sandler reissued a “neutral” rating and issued a $95.00 price target on shares of Crocs in a report on Thursday, February 12th. BTIG Research started coverage on Crocs in a report on Tuesday, March 10th. They issued a “neutral” rating for the company. Finally, UBS Group raised their price target on Crocs from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Crocs has an average rating of “Hold” and a consensus target price of $101.45.

Crocs Price Performance

Shares of CROX stock opened at $101.95 on Wednesday. Crocs has a 1-year low of $73.21 and a 1-year high of $122.84. The stock’s 50-day moving average is $86.72 and its 200 day moving average is $84.76. The company has a market cap of $5.12 billion, a P/E ratio of -80.91, a PEG ratio of 1.13 and a beta of 1.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.27 and a quick ratio of 0.74.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 12th. The textile maker reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.37. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The company had revenue of $957.64 million for the quarter, compared to the consensus estimate of $916.16 million. During the same quarter last year, the company earned $2.52 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. Research analysts predict that Crocs will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Anne Mehlman sold 12,145 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $100.06, for a total value of $1,215,228.70. Following the completion of the transaction, the executive vice president directly owned 131,112 shares in the company, valued at $13,119,066.72. This trade represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Crocs by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock worth $22,441,000 after purchasing an additional 8,331 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Crocs by 278.1% in the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock worth $87,000 after purchasing an additional 634 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Crocs by 14.3% in the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock worth $11,365,000 after purchasing an additional 14,067 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Crocs in the second quarter worth about $6,290,000. 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.