12,900 Shares in Crocs, Inc. $CROX Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired 12,900 Crocs shares during the second quarter, valued at approximately $1.56 million. Institutional investors and hedge funds collectively own 93.44% of CROX.
• Crocs CEO Andrew Rees sold 19,072 shares for roughly $2.65 million, reducing his direct ownership by 2.60%; insiders own 3.10% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $139.10. Crocs recently beat quarterly earnings estimates, reporting $4.55 EPS and $1.18 billion in revenue.

WINTON GROUP Ltd bought a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,900 shares of the textile maker's stock, valued at approximately $1,556,000.

Several other large investors have also recently added to or reduced their stakes in CROX. Root Financial Partners LLC boosted its position in Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker's stock worth $27,000 after acquiring an additional 157 shares during the period. Parallel Advisors LLC increased 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 purchasing an additional 186 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Crocs during the second quarter valued at $42,000. Allworth Financial LP bought a new stake in shares of Crocs during the second quarter valued at about $53,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Crocs during the second quarter valued at about $55,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 19,072 shares of the stock in a transaction that occurred on 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 directly owned 713,293 shares of the company's stock, valued at $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CROX has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of Crocs from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Wells Fargo & Company initiated coverage on shares of Crocs in a research report on Monday, June 8th. They set a "buy" rating on the stock. Weiss Ratings lowered shares of Crocs from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Barclays increased their price objective on shares of Crocs from $110.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Finally, UBS Group raised their price objective on shares of Crocs from $107.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.10.

Crocs Price Performance

NASDAQ:CROX opened at $112.48 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The business's 50-day moving average price is $127.55 and its 200 day moving average price is $111.16. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. The firm has a market cap of $5.39 billion, a P/E ratio of 9.72, a PEG ratio of 0.94 and a beta of 1.52.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating analysts' consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company earned ($8.82) EPS. Crocs's revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, sell-side analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.

Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.

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