CX Institutional Purchases New Stake in Crocs, Inc. $CROX

CX Institutional acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 58,277 shares of the textile maker’s stock, valued at approximately $4,869,000.

A number of other large investors also recently added to or reduced their stakes in CROX. Boston Partners grew its position in shares of Crocs by 2,659.1% during the 2nd quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock worth $171,003,000 after buying an additional 1,627,190 shares during the period. Alliancebernstein L.P. lifted its holdings in Crocs by 5.8% in the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after buying an additional 64,672 shares during the period. LSV Asset Management boosted its stake in Crocs by 21.9% in the second quarter. LSV Asset Management now owns 1,073,120 shares of the textile maker’s stock valued at $108,686,000 after acquiring an additional 192,860 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Crocs by 4.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 768,304 shares of the textile maker’s stock worth $77,814,000 after acquiring an additional 31,083 shares during the period. Finally, Norges Bank bought a new stake in shares of Crocs during the 2nd quarter valued at $56,710,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crocs

In related news, Director John B. Replogle acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $74.50 per share, with a total value of $223,500.00. Following the transaction, the director owned 18,417 shares of the company’s stock, valued at $1,372,066.50. The trade was a 19.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

CROX has been the topic of several recent research reports. Monness Crespi & Hardt raised their price target on Crocs from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. UBS Group reissued a “neutral” rating on shares of Crocs in a research note on Tuesday. Zacks Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Piper Sandler cut Crocs from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $95.00 to $75.00 in a research note on Monday, September 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of Crocs from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $99.25.

Crocs Trading Down 4.0%

NASDAQ:CROX opened at $85.50 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.40 and a quick ratio of 0.83. The business’s 50-day simple moving average is $84.30 and its 200-day simple moving average is $88.09. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $122.84. The stock has a market capitalization of $4.44 billion, a PE ratio of 27.85 and a beta of 1.54.

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

Crocs Company Profile

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.