Crocs, Inc. $CROX Position Trimmed by Klingman & Associates LLC

Klingman & Associates LLC trimmed its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 4.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,030 shares of the textile maker’s stock after selling 1,304 shares during the period. Klingman & Associates LLC owned about 0.05% of Crocs worth $2,940,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. New Vernon Capital Holdings II LLC boosted its stake in Crocs by 10,520.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker’s stock worth $76,389,000 after purchasing an additional 712,520 shares during the period. LSV Asset Management boosted its stake in Crocs by 180.9% in the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker’s stock worth $93,484,000 after purchasing an additional 566,847 shares during the period. Nuveen LLC acquired a new position in Crocs in the 1st quarter worth approximately $25,957,000. T. Rowe Price Investment Management Inc. boosted its stake in Crocs by 43.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 702,399 shares of the textile maker’s stock worth $74,595,000 after purchasing an additional 211,855 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Crocs by 670.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 214,948 shares of the textile maker’s stock worth $23,459,000 after purchasing an additional 187,051 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CROX. Citigroup lowered shares of Crocs to a “negative” rating in a research note on Tuesday, October 7th. Barclays reaffirmed an “equal weight” rating and issued a $81.00 price objective (down previously from $119.00) on shares of Crocs in a research note on Friday, August 8th. Needham & Company LLC raised their price objective on shares of Crocs from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Piper Sandler lowered shares of Crocs from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $95.00 to $75.00 in a research note on Monday, September 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 target price (down previously from $127.00) on shares of Crocs in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.00.

Crocs Stock Down 0.8%

CROX stock opened at $82.34 on Tuesday. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $139.96. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.91 and a beta of 1.43. The company has a 50 day moving average of $82.78 and a two-hundred day moving average of $94.95.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.22. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Crocs news, EVP Susan L. Healy purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the acquisition, the executive vice president owned 50,078 shares of the company’s stock, valued at $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John B. Replogle purchased 3,261 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director directly owned 15,417 shares in the company, valued at $1,182,329.73. This represents a 26.83% increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by company insiders.

Crocs Company Profile

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.