Seaport Research Partners Boosts Crocs (NASDAQ:CROX) Price Target to $160.00

Crocs (NASDAQ:CROX) had its price objective increased by equities researchers at Seaport Research Partners from $135.00 to $160.00 in a report released on Monday, MarketBeat.com reports. The firm currently has a “buy” rating on the textile maker’s stock. Seaport Research Partners’ price objective would indicate a potential upside of 18.27% from the stock’s current price.

Several other research analysts have also commented on the company. Stifel Nicolaus lifted their price target on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, June 15th. Scotiabank assumed coverage on Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. Royal Bank Of Canada started coverage on Crocs in a research note on Monday, June 8th. They issued an “overweight” rating for the company. Wall Street Zen upgraded Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Crocs in a research report on Monday, July 6th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.00.

Crocs Price Performance

CROX stock opened at $135.28 on Monday. Crocs has a 52 week low of $73.21 and a 52 week high of $140.42. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $120.82 and a two-hundred day simple moving average of $100.90. The firm has a market capitalization of $6.72 billion, a P/E ratio of -98.03, a price-to-earnings-growth ratio of 1.40 and a beta of 1.55.

Crocs (NASDAQ:CROX) last posted 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 firm had revenue of $921.46 million for the quarter, compared to the consensus estimate of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Analysts anticipate that Crocs will post 13.67 earnings per share for the current fiscal year.

Insider Activity at Crocs

In related news, CEO Andrew Rees sold 32,688 shares of Crocs 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 transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Crocs

Several institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC grew its stake in shares of Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after buying an additional 157 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Crocs in the fourth quarter worth approximately $39,000. Parallel Advisors LLC lifted 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 acquiring an additional 186 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after acquiring an additional 459 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock valued at $65,000 after acquiring an additional 663 shares during the period. Institutional investors own 93.44% of the company’s stock.

About Crocs

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.