Needham & Company LLC Forecasts Strong Price Appreciation for Crocs (NASDAQ:CROX) Stock

Crocs (NASDAQ:CROX) had its target price upped by equities researchers at Needham & Company LLC from $132.00 to $150.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s target price suggests a potential upside of 11.34% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen raised Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. UBS Group raised shares of Crocs from a “neutral” rating to a “buy” rating in a research report on Monday, June 8th. Robert W. Baird upgraded shares of Crocs from a “neutral” rating to an “outperform” rating and upped their price target for the company from $115.00 to $150.00 in a research report on Monday, June 8th. Piper Sandler upgraded shares of Crocs from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $150.00 in a research report on Friday, June 26th. Finally, Bank of America boosted their target price on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Crocs Trading Up 1.7%

Crocs stock opened at $134.72 on Friday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of -97.62, a price-to-earnings-growth ratio of 1.39 and a beta of 1.55. Crocs has a 1 year low of $73.21 and a 1 year high of $140.42. The firm’s 50 day moving average price is $123.11 and its two-hundred day moving average price is $101.81. 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 announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. The company had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior 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, research analysts predict that Crocs will post 13.66 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the firm’s stock in a transaction that occurred on 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 directly owned 743,293 shares in the company, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings 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 in the last quarter. Norges Bank purchased a new stake in shares of Crocs during the fourth quarter worth $67,545,000. Himalaya Capital Management LLC acquired a new stake in Crocs during the fourth quarter valued at $53,720,000. Fuller & Thaler Asset Management Inc. boosted its position in Crocs by 78.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock valued at $77,651,000 after purchasing an additional 399,964 shares during the last quarter. Finally, LSV Asset Management grew its stake in Crocs by 33.1% in the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after purchasing an additional 366,537 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs News Summary

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Needham raised its price target on Crocs to $150 and reiterated a Buy rating, signaling confidence in further upside. Street Insider article
• Positive Sentiment: Bank of America boosted its target to $160 and said sustained North American direct-to-consumer growth could support a higher valuation multiple. Proactive Investors article
• Positive Sentiment: Technical momentum remains strong, with CROX trading near recent highs after a sizable three-month advance and a new 52-week high earlier this month. Barchart article
• Neutral Sentiment: Investors are waiting for Q2 results, with expectations supported by brand strength, DTC growth and international momentum, but not enough clarity yet to call for a clear earnings beat. Zacks earnings preview
• Neutral Sentiment: Crocs’ stock has risen sharply over the past few months, but some investors are weighing whether the rally has already priced in much of the good news. Zacks strategy article
• Negative Sentiment: Tariff pressures, margin concerns and weakness in the HEYDUDE brand remain key headwinds that could limit upside if Q2 results disappoint. Zacks earnings preview

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.