Crocs, Inc. $CROX Stock: WIT Partners Advisory Pte. Ltd. Cuts Position

WIT Partners Advisory Pte. Ltd. decreased its stake in Crocs, Inc. (NASDAQ:CROX) by 27.7% in the 3rd quarter, Holdings Channel reports. The firm owned 632,812 shares of the textile maker’s stock after selling 242,188 shares during the quarter. Crocs accounts for approximately 83.7% of WIT Partners Advisory Pte. Ltd.’s portfolio, making the stock its biggest position. WIT Partners Advisory Pte. Ltd.’s holdings in Crocs were worth $74,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Crocs during the 2nd quarter worth approximately $561,223,000. Patient Capital Management LLC purchased a new stake in Crocs during the second quarter worth $96,443,000. Himalaya Capital Management LLC acquired a new stake in Crocs in the fourth quarter valued at $53,720,000. Bank of New York Mellon Corp acquired a new stake in Crocs in the second quarter valued at $39,610,000. Finally, Bank of America Corp DE purchased a new position in shares of Crocs in the second quarter valued at $33,820,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CROX shares. UBS Group boosted their price objective on shares of Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Barclays raised shares of Crocs from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $118.00 to $139.00 in a report on Thursday. Monness Crespi & Hardt upped their price target on shares of Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a report on Friday, July 31st. Bank of America increased their price target on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Seaport Research Partners raised their price objective on shares of Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and a consensus price target of $141.20.

Insider Buying and Selling

In related news, Director Beth Kaplan purchased 885 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were bought at an average price of $112.12 per share, with a total value of $99,226.20. Following the completion of the purchase, the director directly owned 15,259 shares in the company, valued at approximately $1,710,839.08. This trade represents a 6.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the transaction, the chief executive officer owned 713,293 shares in the company, valued at approximately $99,083,530.63. This trade represents a 2.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.10% of the company’s stock.

Crocs Trading Up 6.2%

Shares of CROX stock opened at $124.77 on Friday. The firm has a 50-day moving average price of $121.29 and a 200 day moving average price of $117.40. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.98 and a beta of 1.56. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted ($8.82) earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its molded clogs made from Croslite, a proprietary material designed to provide lightweight comfort and water resistance. The company’s product portfolio also includes sandals, slides, boots, sneakers and other casual footwear, along with Jibbitz charms and accessories that allow consumers to personalize Crocs shoes.

Founded in 2002, Crocs sells its products through company-operated and partner retail stores, e-commerce websites, wholesale partners and third-party digital marketplaces.