Crocs, Inc. $CROX Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,668 shares of the textile maker’s stock after buying an additional 4,720 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Crocs were worth $23,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CROX. New Vernon Capital Holdings II LLC grew its position in shares of Crocs by 10,520.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker’s stock worth $76,389,000 after buying an additional 712,520 shares in the last quarter. LSV Asset Management grew its position in shares of Crocs by 180.9% during the first quarter. LSV Asset Management now owns 880,260 shares of the textile maker’s stock worth $93,484,000 after buying an additional 566,847 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Crocs during the first quarter worth approximately $25,957,000. T. Rowe Price Investment Management Inc. grew its position in shares of Crocs by 43.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 702,399 shares of the textile maker’s stock worth $74,595,000 after buying an additional 211,855 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Crocs by 15.4% during the first quarter. Alliancebernstein L.P. now owns 1,115,733 shares of the textile maker’s stock worth $118,491,000 after buying an additional 148,964 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of CROX opened at $83.15 on Friday. The business’s fifty day moving average price is $82.51 and its 200 day moving average price is $95.38. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $139.96. The stock has a market capitalization of $4.54 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CROX. Citigroup downgraded shares of Crocs to a “negative” rating in a research report on Tuesday, October 7th. KeyCorp decreased their price target on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Barclays restated an “equal weight” rating and set a $81.00 price objective (down from $119.00) on shares of Crocs in a research note on Friday, August 8th. Piper Sandler cut Crocs from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $95.00 to $75.00 in a research note on Monday, September 22nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $85.00 price objective (down from $127.00) on shares of Crocs in a research note on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.00.

Insiders Place Their Bets

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

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.