Baird Financial Group Inc. Has $26.68 Million Stake in Crocs, Inc. $CROX

Baird Financial Group Inc. lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,230 shares of the textile maker’s stock after purchasing an additional 11,397 shares during the period. Baird Financial Group Inc.’s holdings in Crocs were worth $26,681,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Crocs during the first quarter worth approximately $32,000. Larson Financial Group LLC lifted its position in shares of Crocs by 541.8% during the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker’s stock worth $37,000 after purchasing an additional 298 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Crocs during the first quarter worth approximately $40,000. Brooklyn Investment Group acquired a new position in shares of Crocs during the first quarter worth approximately $40,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Crocs during the first quarter worth approximately $53,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Up 1.1%

Shares of NASDAQ:CROX opened at $87.20 on Monday. Crocs, Inc. has a 52 week low of $73.76 and a 52 week high of $151.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The company has a market capitalization of $4.76 billion, a PE ratio of 23.38, a PEG ratio of 2.01 and a beta of 1.40. The company has a 50 day moving average price of $96.61 and a two-hundred day moving average price of $100.64.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, beating the consensus estimate of $4.01 by $0.22. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $4.01 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Crocs has set its Q3 2025 guidance at EPS. Analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling at Crocs

In related news, EVP Susan L. Healy acquired 2,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $76.56 per share, with a total value of $153,120.00. Following the completion of the transaction, the executive vice president directly owned 50,078 shares of the company’s stock, valued at approximately $3,833,971.68. The trade was a 4.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle acquired 3,261 shares of the stock in a transaction dated Friday, August 8th. The shares were bought at an average cost of $76.69 per share, with a total value of $250,086.09. Following the transaction, the director directly owned 15,417 shares of the company’s stock, valued at $1,182,329.73. This represents a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CROX has been the topic of several analyst reports. KeyCorp cut their price objective on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Needham & Company LLC increased their price objective on shares of Crocs from $89.00 to $100.00 and gave the company a “buy” rating in a report on Friday. Bank of America cut their price objective on shares of Crocs from $135.00 to $99.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Monness Crespi & Hardt cut their price objective on shares of Crocs from $140.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Crocs from $88.00 to $87.00 and set a “sell” rating on the stock in a report on Tuesday, July 22nd. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.33.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.