Needham & Company LLC Issues Positive Forecast for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price target upped by Needham & Company LLC from $118.00 to $132.00 in a research note issued to investors on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the textile maker’s stock.

A number of other analysts have also recently issued reports on the stock. Zacks Research cut shares of Crocs from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Monness Crespi & Hardt raised their target price on shares of Crocs from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Williams Trading upgraded shares of Crocs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings cut shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Finally, KeyCorp restated a “sector weight” rating on shares of Crocs in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.73.

Crocs Stock Performance

NASDAQ CROX opened at $107.35 on Tuesday. The firm has a 50-day moving average of $89.70 and a 200-day moving average of $86.07. 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 stock has a market cap of $5.39 billion, a PE ratio of -85.20, a P/E/G ratio of 1.29 and a beta of 1.54. Crocs has a 52-week low of $73.21 and a 52-week high of $122.84.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.37. The company had revenue of $957.64 million during the quarter, compared to analysts’ expectations of $916.16 million. Crocs had a negative net margin of 2.01% and a positive return on equity of 45.17%. Crocs’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.52 EPS. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. On average, sell-side analysts anticipate that Crocs will post 13.39 EPS for the current year.

Insider Buying and Selling

In other Crocs news, EVP Anne Mehlman sold 12,145 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $100.06, for a total value of $1,215,228.70. Following the transaction, the executive vice president directly owned 131,112 shares of the company’s stock, valued at $13,119,066.72. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in Crocs by 1.1% during the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock valued at $1,085,000 after acquiring an additional 120 shares during the last quarter. L2 Asset Management LLC grew its position in Crocs by 5.4% during the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock valued at $284,000 after acquiring an additional 169 shares during the last quarter. Anchor Capital Advisors LLC grew its position in Crocs by 2.8% during the third quarter. Anchor Capital Advisors LLC now owns 6,679 shares of the textile maker’s stock valued at $558,000 after acquiring an additional 180 shares during the last quarter. Parallel Advisors LLC grew its position in Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares during the last quarter. Finally, Kestra Investment Management LLC grew its position in Crocs by 7.2% during the second quarter. Kestra Investment Management LLC now owns 2,800 shares of the textile maker’s stock valued at $284,000 after acquiring an additional 187 shares during the last quarter. 93.44% of the stock is owned by 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.