Key Points
- Director Ronald Frasch sold 15,000 Crocs shares at an average price of $153.51, totaling about $2.30 million. The sale reduced his direct holdings by 19.69% to 61,180 shares.
- Crocs reported quarterly earnings of $3.69 per share, beating the $3.31 consensus, while revenue of $1.04 billion topped expectations and rose 4.7% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $158.30; recent target increases included Barclays’ move to $178.
Crocs, Inc. (NASDAQ:CROX - Get Free Report) EVP Rupert George Campbell sold 2,645 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $150.87, for a total transaction of $399,051.15. Following the completion of the transaction, the executive vice president owned 68,573 shares in the company, valued at $10,345,608.51. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Crocs Trading Up 0.3%
Shares of Crocs stock opened at $153.61 on Wednesday. The company's fifty day simple moving average is $121.58 and its 200-day simple moving average is $110.42. The stock has a market capitalization of $7.02 billion, a PE ratio of 11.47, a P/E/G ratio of 1.22 and a beta of 1.49. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $156.75. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86.
Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.38. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The firm's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.92 EPS. As a group, equities analysts anticipate that Crocs, Inc. will post 14.62 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Piper Sandler restated an "overweight" rating on shares of Crocs in a research report on Friday. UBS Group boosted their target price on Crocs from $120.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays increased their price target on Crocs from $139.00 to $178.00 and gave the company an "overweight" rating in a research note on Friday, October 30th. BTIG Research reissued a "neutral" rating on shares of Crocs in a research note on Thursday, October 29th. Finally, Robert W. Baird set a $163.00 price target on Crocs in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.30.
Check Out Our Latest Analysis on CROX
Hedge Funds Weigh In On Crocs
A number of large investors have recently made changes to their positions in CROX. Alps Advisors Inc. bought a new stake in Crocs in the third quarter worth about $610,000. Heritage Family Offices LLP purchased a new position in shares of Crocs during the third quarter valued at approximately $45,000. Commonwealth Equity Services LLC boosted its position in shares of Crocs by 3.2% during the third quarter. Commonwealth Equity Services LLC now owns 3,066 shares of the textile maker's stock valued at $360,000 after buying an additional 95 shares during the period. Capital CS Group LLC purchased a new position in shares of Crocs during the third quarter valued at approximately $451,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Crocs during the third quarter valued at approximately $62,000. 93.44% of the stock is owned by hedge funds and other institutional investors.
Crocs News Summary
Here are the key news stories impacting Crocs this week:
- Positive Sentiment: Crocs reported third-quarter adjusted earnings of $3.69 per share, ahead of the $3.31 consensus, and revenue of $1.04 billion versus roughly $1.00 billion expected. Revenue grew 4.7% year over year, and management raised its full-year profit outlook—key reasons for the stock’s recent sharp rally. Article: Crocs Stock Skyrockets on Higher Full-Year Profit Guidance
- Positive Sentiment: Analyst price-target estimates moved higher: one report cited a 16.56% increase in the consensus target to $163.49, while another noted a target raised to $178. These revisions may reinforce investor optimism after the earnings update. Article: Crocs Consensus Price Target Increased Article: Crocs Price Target Raised to $178
- Positive Sentiment: Recent analysis points to international growth and diversification as supports for margin expansion. A November Pokémon shoe launch could also provide a product and licensing boost. Article: CROX Q3 Deep Dive
- Positive Sentiment: Zacks highlighted CROX as a strong-momentum stock and assigned it a #1 (Strong Buy) rank, adding to favorable market positioning. Article: Crocs Is a Zacks Strong Buy
- Neutral Sentiment: HEYDUDE launched a holiday campaign featuring Riley Green. The marketing effort may increase brand visibility, though its financial impact is not yet clear. Article: HEYDUDE Holiday Campaign
- Negative Sentiment: Director Ronald Frasch sold 15,000 shares, reducing his holdings by 19.69%; EVP Rupert George Campbell sold 2,645 shares, trimming his position by 3.71%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in company outlook. SEC filing: Ronald Frasch transaction SEC filing: Rupert George Campbell transaction
Crocs Company Profile
(
Get Free Report)
Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.
The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.
In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.
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