Crocs (NASDAQ:CROX) Price Target Raised to $150.00 at Needham & Company LLC

Crocs (NASDAQ:CROX) had its price target lifted by Needham & Company LLC from $132.00 to $150.00 in a research note released on Friday, MarketBeat reports. They currently have a buy rating on the textile maker’s stock.

Other analysts have also recently issued reports about the stock. Williams Trading set a $150.00 price objective on shares of Crocs in a research note on Tuesday, June 9th. The Goldman Sachs Group lowered shares of Crocs from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. Barclays raised their target price on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Crocs in a research report on Monday, July 6th. Finally, Robert W. Baird raised shares of Crocs from a “neutral” rating to an “outperform” rating and upped their price target for the company from $115.00 to $150.00 in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

Crocs Stock Up 1.7%

Shares of CROX stock opened at $134.72 on Friday. Crocs has a fifty-two week low of $73.21 and a fifty-two week high of $140.42. The firm has a market capitalization of $6.69 billion, a PE ratio of -97.62, a P/E/G ratio of 1.37 and a beta of 1.55. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. The stock’s 50-day simple moving average is $123.11 and its 200-day simple moving average is $101.81.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. The firm had revenue of $921.46 million during 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 company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Equities analysts expect that Crocs will post 13.66 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction dated 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 owned 743,293 shares in the company, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Crocs

Several institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC boosted its position in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Crocs in the fourth quarter valued at approximately $39,000. Parallel Advisors LLC raised its stake in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after buying an additional 186 shares during the period. National Bank of Canada FI raised its stake in shares of Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after buying an additional 663 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Crocs during the 4th quarter valued at approximately $68,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs News Summary

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Needham raised its price target on Crocs to $150 and reiterated a Buy rating, signaling confidence in further upside. Street Insider article
• Positive Sentiment: Bank of America boosted its target to $160 and said sustained North American direct-to-consumer growth could support a higher valuation multiple. Proactive Investors article
• Positive Sentiment: Technical momentum remains strong, with CROX trading near recent highs after a sizable three-month advance and a new 52-week high earlier this month. Barchart article
• Neutral Sentiment: Investors are waiting for Q2 results, with expectations supported by brand strength, DTC growth and international momentum, but not enough clarity yet to call for a clear earnings beat. Zacks earnings preview
• Neutral Sentiment: Crocs’ stock has risen sharply over the past few months, but some investors are weighing whether the rally has already priced in much of the good news. Zacks strategy article
• Negative Sentiment: Tariff pressures, margin concerns and weakness in the HEYDUDE brand remain key headwinds that could limit upside if Q2 results disappoint. Zacks earnings preview

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.