BI Asset Management Fondsmaeglerselskab A S Cuts Stake in Crocs, Inc. $CROX

BI Asset Management Fondsmaeglerselskab A S lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 30.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,373 shares of the textile maker’s stock after selling 23,595 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.10% of Crocs worth $5,774,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CROX. Hsbc Holdings PLC increased its holdings in Crocs by 25.0% in the 1st quarter. Hsbc Holdings PLC now owns 52,049 shares of the textile maker’s stock valued at $5,466,000 after acquiring an additional 10,394 shares during the last quarter. Andina Capital Management LLC bought a new stake in shares of Crocs in the first quarter worth about $432,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Crocs by 4.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker’s stock worth $144,678,000 after purchasing an additional 53,916 shares during the last quarter. Northern Trust Corp lifted its position in shares of Crocs by 0.5% in the first quarter. Northern Trust Corp now owns 606,520 shares of the textile maker’s stock worth $64,412,000 after buying an additional 2,786 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Crocs during the first quarter valued at approximately $40,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on CROX shares. The Goldman Sachs Group reduced their price objective on Crocs from $88.00 to $87.00 and set a “sell” rating on the stock in a research note on Tuesday, July 22nd. Stifel Nicolaus restated a “hold” rating and issued a $85.00 price target (down previously from $127.00) on shares of Crocs in a research report on Friday, August 8th. UBS Group lowered their price objective on shares of Crocs from $110.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. KeyCorp dropped their price objective on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Needham & Company LLC decreased their target price on shares of Crocs from $129.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.92.

Crocs Trading Up 0.4%

Shares of CROX opened at $83.72 on Thursday. The company’s fifty day simple moving average is $98.63 and its 200-day simple moving average is $101.02. The company has a market cap of $4.57 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.92 and a beta of 1.41. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a twelve month low of $73.76 and a twelve month high of $151.13.

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

Insider Buying and Selling

In other Crocs news, Director John B. Replogle purchased 3,261 shares of Crocs stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the acquisition, the director owned 15,417 shares in the company, valued at $1,182,329.73. This represents a 26.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Healy acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, with a total value of $153,120.00. Following the acquisition, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Crocs 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.