Crocs, Inc. $CROX Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in Crocs, Inc. (NASDAQ:CROX) by 130.2% in the second quarter, HoldingsChannel.com reports. The firm owned 46,854 shares of the textile maker’s stock after buying an additional 26,503 shares during the quarter. Wellington Management Group LLP’s holdings in Crocs were worth $5,652,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Crocs in the 2nd quarter valued at $561,223,000. AQR Capital Management LLC increased its holdings in Crocs by 399.0% in the 3rd 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. Patient Capital Management LLC acquired a new position in Crocs during the second quarter worth $96,443,000. Norges Bank acquired a new position in Crocs during the fourth quarter worth $67,545,000. Finally, Himalaya Capital Management LLC purchased a new position in Crocs during the fourth quarter valued at $53,720,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Trading Down 2.9%

Shares of CROX stock opened at $111.09 on Thursday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The stock’s fifty day moving average is $128.14 and its two-hundred day moving average is $111.09. The firm has a market capitalization of $5.33 billion, a P/E ratio of 9.60, a PEG ratio of 0.95 and a beta of 1.52.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company’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 firm earned ($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. Research analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 19,072 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the sale, the chief executive officer owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CROX. The Goldman Sachs Group reiterated a “sell” rating and issued a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. Scotiabank initiated coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating for the company. Williams Trading set a $150.00 price target on shares of Crocs in a research note on Tuesday, June 9th. Monness Crespi & Hardt lifted their price objective on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. One investment 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.10.

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.