Crocs (NASDAQ:CROX) Price Target Raised to $160.00 at Bank of America

Crocs (NASDAQ:CROX) had its target price raised by Bank of America from $145.00 to $160.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of Crocs from $105.00 to $125.00 and gave the company a “hold” rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Crocs in a report on Monday, June 8th. They issued a “buy” rating on the stock. Williams Trading set a $150.00 target price on shares of Crocs in a research report on Tuesday, June 9th. Wells Fargo & Company started coverage on shares of Crocs in a research note on Monday, June 8th. They set a “buy” rating for the company. Finally, Robert W. Baird raised Crocs from a “neutral” rating to an “outperform” rating and increased 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 assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $126.36.

Crocs Price Performance

NASDAQ CROX opened at $132.47 on Thursday. Crocs has a one year low of $73.21 and a one year high of $140.42. The stock has a 50-day moving average of $122.31 and a 200 day moving average of $101.57. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of -95.99, a PEG ratio of 1.41 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.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. The business had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.Crocs’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, sell-side analysts forecast that Crocs will post 13.66 EPS for the current year.

Insider Activity at Crocs

In other 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 transaction of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by insiders.

Institutional Trading of Crocs

Several large investors have recently added to or reduced their stakes in the business. LSV Asset Management raised its position in Crocs by 33.1% in the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock worth $126,060,000 after acquiring an additional 366,537 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 acquiring an additional 11,630 shares during the last quarter. AQR Capital Management LLC grew its position in shares of 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 acquiring an additional 1,012,943 shares during the period. Alliancebernstein L.P. grew its position in shares of Crocs by 5.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after acquiring an additional 64,672 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Crocs by 78.7% in 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 in the last quarter. 93.44% of the stock is currently owned by 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.