Crocs (NASDAQ:CROX) Cut to Hold at Baird R W

Baird R W lowered shares of Crocs (NASDAQ:CROX) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on the company. Stifel Nicolaus lifted their price target on Crocs from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Crocs in a report on Monday, December 29th. Monness Crespi & Hardt upped their target price on Crocs from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Crocs in a report on Friday, December 5th. Finally, Piper Sandler cut shares of Crocs from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $75.00 in a research note on Monday, September 22nd. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Hold” and a consensus price target of $99.25.

Crocs Trading Down 0.6%

Crocs stock opened at $86.07 on Wednesday. Crocs has a one year low of $73.21 and a one year high of $122.84. The stock has a market cap of $4.47 billion, a PE ratio of 28.04 and a beta of 1.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 1.40. The stock has a 50-day moving average of $84.47 and a two-hundred day moving average of $88.00.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.56. Crocs had a net margin of 4.48% and a return on equity of 43.14%. The company had revenue of $996.30 million for the quarter, compared to the consensus estimate of $960.14 million. During the same quarter in the previous year, the firm earned $3.60 EPS. Crocs’s revenue was down 6.2% compared to the same quarter last year. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. On average, research analysts anticipate that Crocs will post 13.2 EPS for the current fiscal year.

Insider Activity

In other Crocs news, Director John B. Replogle bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the transaction, the director directly owned 18,417 shares of the company’s stock, valued at approximately $1,372,066.50. This represents a 19.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crocs

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lisanti Capital Growth LLC purchased a new stake in shares of Crocs in the second quarter valued at approximately $3,138,000. Intech Investment Management LLC boosted its stake in Crocs by 60.4% during the first quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker’s stock worth $5,272,000 after buying an additional 18,697 shares during the last quarter. Voya Investment Management LLC grew its holdings in Crocs by 45.9% in the 1st quarter. Voya Investment Management LLC now owns 53,240 shares of the textile maker’s stock valued at $5,654,000 after buying an additional 16,753 shares in the last quarter. Voss Capital LP acquired a new stake in shares of Crocs in the 2nd quarter worth $40,765,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Crocs by 20.1% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 221,091 shares of the textile maker’s stock worth $18,472,000 after acquiring an additional 36,951 shares during the period. Institutional investors and hedge funds 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.