Tactive Advisors LLC Purchases New Stake in Crocs, Inc. $CROX

Tactive Advisors LLC purchased a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,550 shares of the textile maker’s stock, valued at approximately $378,000.

Several other institutional investors have also recently bought and sold shares of CROX. Torren Management LLC bought a new position in shares of Crocs in the fourth quarter valued at $39,000. Parallel Advisors LLC grew its holdings in shares of Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after buying an additional 186 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Crocs during the third quarter worth about $48,000. National Bank of Canada FI increased its position in shares of Crocs by 597.3% during the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after acquiring an additional 663 shares in the last quarter. Finally, Ameriflex Group Inc. raised its holdings in shares of Crocs by 292.0% in the 3rd quarter. Ameriflex Group Inc. now owns 784 shares of the textile maker’s stock worth $66,000 after acquiring an additional 584 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CROX. Wedbush started coverage on shares of Crocs in a research report on Monday, June 8th. They issued an “outperform” rating on the stock. UBS Group raised Crocs from a “neutral” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada began coverage on Crocs in a research note on Monday, June 8th. They issued an “overweight” rating for the company. Needham & Company LLC raised their target price on Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Piper Sandler cut Crocs from a “neutral” rating to a “neutral” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $120.00.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. The trade was a 4.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by insiders.

Crocs Stock Performance

Shares of CROX stock opened at $123.80 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The firm has a 50-day moving average of $110.48 and a 200-day moving average of $95.13. Crocs, Inc. has a one year low of $73.21 and a one year high of $129.79. The company has a market cap of $6.15 billion, a P/E ratio of -89.71, a P/E/G ratio of 1.29 and a beta of 1.57.

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

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.