10,304 Shares in Crocs, Inc. $CROX Acquired by Lecap Asset Management Ltd.

Key Points

• Lecap Asset Management Ltd. acquired 10,304 shares of Crocs, Inc. ($CROX), valued at approximately $1,044,000, during the second quarter.
• Several institutional investors have significantly increased their holdings in Crocs, with 93.44% of the stock now owned by such investors and hedge funds.
• Brokerages have adjusted their price targets for Crocs, with a current consensus rating of "Hold" and a target price of $102.00.

Lecap Asset Management Ltd. acquired a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,304 shares of the textile maker's stock, valued at approximately $1,044,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Crocs by 362.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,063 shares of the textile maker's stock valued at $4,169,000 after acquiring an additional 29,839 shares during the period. GAMMA Investing LLC lifted its position in shares of Crocs by 16,944.6% during the 1st quarter. GAMMA Investing LLC now owns 144,538 shares of the textile maker's stock valued at $15,350,000 after acquiring an additional 143,690 shares during the period. Parallel Advisors LLC lifted its position in shares of Crocs by 26.5% during the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after acquiring an additional 132 shares during the period. NBC Securities Inc. bought a new stake in shares of Crocs during the 1st quarter valued at $69,000. Finally, Merit Financial Group LLC lifted its position in shares of Crocs by 11.4% during the 1st quarter. Merit Financial Group LLC now owns 42,367 shares of the textile maker's stock valued at $4,499,000 after acquiring an additional 4,330 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CROX. Monness Crespi & Hardt dropped their price objective on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Barclays restated an "equal weight" rating and set a $81.00 price objective (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Piper Sandler downgraded Crocs from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $95.00 to $75.00 in a research report on Monday, September 22nd. Bank of America dropped their price objective on Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, The Goldman Sachs Group dropped their price objective on Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $102.00.

Crocs Price Performance

Shares of CROX opened at $85.00 on Thursday. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $144.23. The business has a 50-day simple moving average of $86.61 and a two-hundred day simple moving average of $97.31. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The stock has a market cap of $4.64 billion, a PE ratio of 22.79, a PEG ratio of 1.92 and a beta of 1.43.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.01 by $0.22. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $4.01 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. Analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Susan L. Healy purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $76.56 per share, with a total value of $153,120.00. Following the completion of the purchase, the executive vice president owned 50,078 shares in the company, valued at approximately $3,833,971.68. This represents a 4.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John B. Replogle purchased 3,261 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $76.69 per share, with a total value of $250,086.09. Following the purchase, the director owned 15,417 shares of the company's stock, valued at approximately $1,182,329.73. This trade represents a 26.83% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company's stock.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.

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