Wall Street Zen Upgrades Crocs (NASDAQ:CROX) to “Buy”

Crocs (NASDAQ:CROX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other analysts also recently issued reports about the company. Weiss Ratings downgraded Crocs from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. Stifel Nicolaus boosted their target price on Crocs from $90.00 to $99.00 and gave the company 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. The Goldman Sachs Group boosted their target price on Crocs from $71.00 to $81.00 and gave the company a “sell” rating in a report on Friday, February 13th. Finally, Piper Sandler reissued a “neutral” rating and issued a $95.00 target price on shares of Crocs in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Crocs has an average rating of “Hold” and an average price target of $101.45.

Crocs Stock Down 2.1%

Crocs stock opened at $99.76 on Friday. Crocs has a fifty-two week low of $73.21 and a fifty-two week high of $122.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.74 and a current ratio of 1.27. The company has a market capitalization of $5.01 billion, a P/E ratio of -79.17, a PEG ratio of 1.18 and a beta of 1.54. The stock has a 50-day simple moving average of $87.04 and a 200-day simple moving average of $84.92.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $957.64 million during the quarter, compared to the consensus estimate of $916.16 million. During the same period in the previous year, the business earned $2.52 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. Equities research analysts expect that Crocs will post 13.2 earnings per share for the current year.

Insider Buying and Selling

In other Crocs news, EVP Anne Mehlman sold 12,145 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the completion of the sale, the executive vice president directly owned 131,112 shares of the company’s stock, valued at $13,119,066.72. This represents a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Crocs

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its stake in Crocs by 33.1% during the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after acquiring an additional 366,537 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Crocs by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after purchasing an additional 11,630 shares during the period. AQR Capital Management LLC increased its position in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after purchasing an additional 1,012,943 shares during the period. Alliancebernstein L.P. increased its position in Crocs by 5.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock worth $119,551,000 after purchasing an additional 64,672 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in Crocs by 78.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock worth $77,651,000 after purchasing an additional 399,964 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Crocs

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.