Polar Asset Management Partners Inc. Makes New $2.46 Million Investment in Crocs, Inc. $CROX

Polar Asset Management Partners Inc. purchased a new position in Crocs, Inc. (NASDAQ:CROX) in the second quarter, HoldingsChannel reports. The firm purchased 20,372 shares of the textile maker’s stock, valued at approximately $2,458,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Himalaya Capital Management LLC acquired a new stake in shares of Crocs in the fourth quarter valued at $53,720,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after acquiring an additional 14,393 shares in the last quarter. Morningstar Investment Management LLC acquired a new stake in Crocs in the 1st quarter valued at about $867,000. Landscape Capital Management L.L.C. bought a new position in shares of Crocs during the 4th quarter valued at about $3,800,000. Finally, X Square Capital LLC bought a new position in shares of Crocs during the 2nd quarter valued at about $2,931,000. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CROX has been the topic of a number of research reports. Scotiabank started coverage on shares of Crocs in a report on Monday, June 8th. They issued an “outperform” rating on the stock. Weiss Ratings raised Crocs from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Crocs in a research report on Monday, June 8th. They set a “buy” rating for the company. Stifel Nicolaus raised their price objective on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada began coverage on Crocs in a report on Monday, June 8th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.10.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 62,688 shares of company stock worth $8,014,859 over the last quarter. 3.10% of the stock is currently owned by insiders.

Crocs Trading Down 2.3%

Crocs stock opened at $122.89 on Wednesday. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $141.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.05 and a beta of 1.53. The company has a 50 day moving average price of $129.36 and a 200 day moving average price of $109.06.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts forecast that Crocs, Inc. will post 13.95 EPS for the current year.

Crocs 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.