Key Points
- CEO Andrew Rees sold 32,688 Crocs shares on June 5 for about $3.86 million at an average price of $118.09. After the transaction, he still held 743,293 shares valued at roughly $87.8 million.
- Crocs beat quarterly expectations in its latest earnings report, posting EPS of $2.99 versus the $2.78 consensus and revenue of $921.46 million versus $900.57 million expected. The company also issued Q2 2026 EPS guidance of $4.15 to $4.35 and FY 2026 guidance of $13.20 to $13.75.
- Analyst sentiment remains constructive, with a consensus rating of “Moderate Buy” and an average target price of $117.64. Several firms recently reiterated or initiated bullish ratings, including Wells Fargo, Wedbush, and RBC.
Crocs, Inc. (NASDAQ:CROX - Get Free Report) CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the sale, the chief executive officer 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 accessible through this link.
Crocs Price Performance
Shares of CROX opened at $127.77 on Wednesday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $129.45. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of -92.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.57. The firm has a 50-day simple moving average of $103.85 and a 200-day simple moving average of $92.50. 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 - Get Free Report) last announced its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. During the same quarter in the prior year, the firm earned $3.00 earnings per share. The business's quarterly revenue was down 1.7% compared to the same quarter last year. 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, equities research analysts anticipate that Crocs, Inc. will post 13.67 earnings per share for the current year.
Institutional Investors Weigh In On Crocs
A number of hedge funds have recently added to or reduced their stakes in the company. 7G Capital Management LLC acquired a new stake in Crocs in the first quarter valued at about $3,445,000. Bank of America Corp DE increased its holdings in Crocs by 130.1% in the first quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker's stock valued at $28,397,000 after buying an additional 193,426 shares in the last quarter. Edgestream Partners L.P. increased its holdings in Crocs by 16.7% in the first quarter. Edgestream Partners L.P. now owns 26,045 shares of the textile maker's stock valued at $2,162,000 after buying an additional 3,722 shares in the last quarter. Amundi increased its holdings in Crocs by 191.1% in the first quarter. Amundi now owns 12,011 shares of the textile maker's stock valued at $997,000 after buying an additional 7,885 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Crocs by 16.3% in the first quarter. California State Teachers Retirement System now owns 60,066 shares of the textile maker's stock valued at $4,987,000 after buying an additional 8,440 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.
Analysts Set New Price Targets
CROX has been the subject of a number of recent analyst reports. Williams Trading set a $150.00 price objective on shares of Crocs in a research report on Tuesday. Wells Fargo & Company initiated coverage on shares of Crocs in a research report on Monday. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of Crocs from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Wedbush initiated coverage on shares of Crocs in a research report on Monday. They issued an "outperform" rating for the company. Finally, Royal Bank Of Canada initiated coverage on shares of Crocs in a research report on Monday. They issued an "overweight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Crocs presently has a consensus rating of "Moderate Buy" and an average target price of $117.64.
View Our Latest Stock Analysis on Crocs
Crocs Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
