Motley Fool Asset Management LLC Sells 17,734 Shares of Crocs, Inc. $CROX

Motley Fool Asset Management LLC cut its position in Crocs, Inc. (NASDAQ:CROX) by 34.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,358 shares of the textile maker’s stock after selling 17,734 shares during the period. Motley Fool Asset Management LLC’s holdings in Crocs were worth $2,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in shares of Crocs in the fourth quarter valued at $623,000. Contrarius Group Holdings Ltd grew its stake in shares of Crocs by 324.1% in the fourth quarter. Contrarius Group Holdings Ltd now owns 475,011 shares of the textile maker’s stock valued at $40,623,000 after buying an additional 363,010 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Crocs by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 557,951 shares of the textile maker’s stock valued at $47,716,000 after buying an additional 6,015 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Crocs by 12.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,467 shares of the textile maker’s stock valued at $296,000 after buying an additional 377 shares in the last quarter. Finally, Havemeyer Place LP bought a new position in shares of Crocs in the fourth quarter valued at $425,000. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of Crocs 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 completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Crocs Trading Down 4.6%

Shares of Crocs stock opened at $121.94 on Thursday. The business has a fifty day simple moving average of $104.68 and a two-hundred day simple moving average of $92.81. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $129.45. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of -88.36, a P/E/G ratio of 1.32 and a beta of 1.57. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.21. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The business had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. During the same quarter last year, the firm posted $3.00 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Research analysts forecast that Crocs, Inc. will post 13.67 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CROX. Needham & Company LLC raised their target price on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Monness Crespi & Hardt raised their price target on Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 13th. Seaport Research Partners raised Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target for the company in a report on Tuesday, April 14th. Wells Fargo & Company began coverage on Crocs in a report on Monday. They set a “buy” rating for the company. Finally, Williams Trading set a $150.00 price target on Crocs in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $117.64.

About Crocs

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.