Seaport Research Partners Issues Positive Forecast for Crocs (NASDAQ:CROX) Stock Price

Crocs (NASDAQ:CROX) had its price target increased by Seaport Research Partners from $135.00 to $160.00 in a research report released on Monday, MarketBeat Ratings reports. They currently have a buy rating on the textile maker’s stock.

CROX has been the topic of several other research reports. Wedbush started coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Crocs in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Barclays lifted their price objective on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company assumed coverage on shares of Crocs in a research note on Monday, June 8th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Crocs Stock Down 1.3%

Crocs stock opened at $135.39 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.73 billion, a P/E ratio of -98.11, a P/E/G ratio of 1.42 and a beta of 1.55. The business has a fifty day moving average of $120.10 and a two-hundred day moving average of $100.55. Crocs has a twelve month low of $73.21 and a twelve month high of $140.42.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. The business had revenue of $921.46 million for the quarter, compared to the consensus estimate of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $3.00 EPS. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. On average, analysts forecast that Crocs will post 13.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of Crocs

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake 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 valued at $105,841,000 after purchasing an additional 1,012,943 shares during the last quarter. Norges Bank purchased a new position in shares of Crocs in the fourth quarter worth about $67,545,000. Himalaya Capital Management LLC purchased a new position in shares of Crocs in the fourth quarter worth about $53,720,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Crocs by 78.7% during the fourth 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. Finally, LSV Asset Management lifted its holdings in shares of Crocs by 33.1% during the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock worth $126,060,000 after purchasing an additional 366,537 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.