Crocs (NASDAQ:CROX) Shares Down 7.2% – Here’s What Happened

Crocs, Inc. (NASDAQ:CROX)’s stock price was down 7.2% during trading on Monday . The stock traded as low as $84.85 and last traded at $85.03. Approximately 1,122,061 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 1,793,595 shares. The stock had previously closed at $91.63.

Wall Street Analysts Forecast Growth

CROX has been the topic of several analyst reports. Zacks Research upgraded Crocs from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. UBS Group reaffirmed a “neutral” rating and set a $85.00 price target on shares of Crocs in a research note on Friday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Crocs in a research report on Friday, December 5th. Wall Street Zen downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Bank of America cut their price target on Crocs from $99.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Crocs has a consensus rating of “Hold” and a consensus target price of $103.42.

Crocs Price Performance

The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.97. The company has a 50 day simple moving average of $84.02 and a 200-day simple moving average of $88.80. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 27.93 and a beta of 1.54.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, October 30th. The textile maker reported $2.92 EPS for the quarter, beating the consensus estimate of $2.36 by $0.56. The business had revenue of $996.30 million during the quarter, compared to analyst estimates of $960.14 million. Crocs had a net margin of 4.48% and a return on equity of 43.14%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.60 EPS. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. As a group, research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, Director John B. Replogle acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the purchase, the director directly owned 18,417 shares of the company’s stock, valued at $1,372,066.50. The trade was a 19.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Crocs in the third quarter worth about $48,000. Allworth Financial LP raised its stake in shares of Crocs by 92.6% in the 3rd quarter. Allworth Financial LP now owns 863 shares of the textile maker’s stock valued at $72,000 after acquiring an additional 415 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Crocs by 8.1% in the third quarter. IFP Advisors Inc now owns 4,260 shares of the textile maker’s stock worth $356,000 after buying an additional 318 shares during the last quarter. Swiss Life Asset Management Ltd bought a new stake in Crocs during the third quarter valued at about $221,000. Finally, Voss Capital LP grew its holdings in Crocs by 65.2% in the 3rd quarter. Voss Capital LP now owns 665,000 shares of the textile maker’s stock valued at $55,561,000 after buying an additional 262,500 shares during the last quarter. Institutional investors and hedge funds 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.