Why Did Crocs Plunge 11.7% Ahead of Earnings?

On April 3, 2025, Crocs' stock experienced a significant drop of 11.7% in pre-market trading, reflecting a notable shift in investor sentiment towards the company.

Recent developments surrounding Crocs include the purchase of shares by New Age Alpha Advisors LLC, indicating continued interest from institutional investors. Additionally, the company's next earnings release is anticipated on May 6, 2025, with expectations of reporting earnings of $2.52 per share. This upcoming financial report is likely to influence investor decisions and market reactions.

Analysts have also been active in revising their ratings and price targets for Crocs. BofA Securities recently maintained a buy rating on the stock, adjusting the target price from $149 to $144. This adjustment suggests a cautious optimism about the company's future performance, despite the recent market volatility.