Himalaya Capital Management LLC Buys New Holdings in Crocs, Inc. $CROX

Himalaya Capital Management LLC acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, HoldingsChannel reports. The fund acquired 628,159 shares of the textile maker’s stock, valued at approximately $53,720,000. Crocs makes up 1.5% of Himalaya Capital Management LLC’s investment portfolio, making the stock its 8th largest position.

Several other large investors also recently made changes to their positions in the business. Alberta Investment Management Corp purchased a new stake in shares of Crocs in the fourth quarter worth about $1,403,000. Strive Financial Group LLC purchased a new stake in shares of Crocs during the 4th quarter valued at about $89,000. Delta Global Management LP acquired a new position in Crocs during the 4th quarter worth approximately $2,360,000. State of Tennessee Department of Treasury lifted its position in Crocs by 24.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 27,282 shares of the textile maker’s stock worth $2,290,000 after acquiring an additional 5,372 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Crocs by 78.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock worth $77,651,000 after acquiring an additional 399,964 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

Crocs stock opened at $125.05 on Friday. 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, Inc. has a 12 month low of $73.21 and a 12 month high of $129.79. The company has a fifty day moving average price of $109.49 and a two-hundred day moving average price of $94.59. The company has a market cap of $6.21 billion, a PE ratio of -90.62, a P/E/G ratio of 1.29 and a beta of 1.57.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million for the quarter, compared to analyst estimates of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company earned $3.00 earnings per share. 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 expect that Crocs, Inc. will post 13.67 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the firm’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 completion of the sale, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. Wells Fargo & Company assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued a “buy” rating on the stock. Needham & Company LLC boosted their price objective on shares of Crocs from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Piper Sandler cut shares of Crocs from a “neutral” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Williams Trading set a $150.00 target price on Crocs in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.00.

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.