Crocs, Inc. $CROX Shares Sold by Step Capital Management Pte. Ltd.

Step Capital Management Pte. Ltd. lessened its position in Crocs, Inc. (NASDAQ:CROX) by 34.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the textile maker’s stock after selling 10,600 shares during the quarter. Crocs makes up 0.5% of Step Capital Management Pte. Ltd.’s investment portfolio, making the stock its 13th largest holding. Step Capital Management Pte. Ltd.’s holdings in Crocs were worth $2,413,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CROX. BlackRock Inc. acquired a new stake in shares of Crocs during the second quarter worth about $561,223,000. LSV Asset Management lifted its holdings in Crocs by 33.1% during the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock worth $126,060,000 after buying an additional 366,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Crocs by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock valued at $123,760,000 after buying an additional 11,630 shares during the period. AQR Capital Management LLC grew its stake in shares of Crocs by 399.0% in the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after acquiring an additional 1,012,943 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Crocs by 5.8% in the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock worth $119,551,000 after acquiring an additional 64,672 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays increased their price objective on Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Williams Trading set a $150.00 price target on Crocs in a report on Tuesday, June 9th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $95.00 price target on shares of Crocs in a research report on Friday, July 31st. Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. Finally, Robert W. Baird set a $163.00 price objective on Crocs in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and an average target price of $139.10.

Crocs Price Performance

Crocs stock opened at $117.53 on Friday. The stock has a market cap of $5.63 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52. The company has a fifty day simple moving average of $128.68 and a 200-day simple moving average of $110.65. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28. 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 posted its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.Crocs’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Equities analysts expect that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Crocs Company 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.