13,692 Shares in Crocs, Inc. $CROX Purchased by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC purchased 13,692 Crocs shares worth approximately $1.65 million during the second quarter. Institutional investors and hedge funds own 93.44% of CROX.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $139.10; targets include Stifel’s increase to $125 and Goldman Sachs’ $95 sell-case target.
• Crocs exceeded quarterly expectations, reporting $4.55 in EPS versus $4.35 expected and $1.18 billion in revenue, up 2.6% year over year. CEO Andrew Rees sold 19,072 shares for about $2.65 million, while insiders have sold roughly $8.0 million of stock over the past three months.

Headlands Technologies LLC purchased a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 13,692 shares of the textile maker's stock, valued at approximately $1,652,000.

Several other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC lifted its position in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker's stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker's stock worth $41,000 after purchasing an additional 186 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Crocs in the 2nd quarter valued at $42,000. Allworth Financial LP acquired a new position in Crocs in the 2nd quarter valued at $53,000. Finally, Persistent Asset Partners Ltd purchased a new position in Crocs in the 2nd quarter valued at $55,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CROX has been the subject of a number of research reports. Wells Fargo & Company began coverage on shares of Crocs in a report on Monday, June 8th. They set a "buy" rating for the company. Wedbush started coverage on shares of Crocs in a research note on Monday, June 8th. They set an "outperform" rating for the company. Scotiabank began coverage on shares of Crocs in a report on Monday, June 8th. They issued an "outperform" rating for the company. The Goldman Sachs Group reissued a "sell" rating and issued a $95.00 target price on shares of Crocs in a research note on Friday, July 31st. Finally, Stifel Nicolaus boosted their target price on Crocs from $105.00 to $125.00 and gave the stock a "hold" rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $139.10.

Insider Activity

In other Crocs news, CEO Andrew Rees sold 19,072 shares of Crocs 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 completion of the sale, the chief executive officer directly owned 713,293 shares of the company's stock, valued at $99,083,530.63. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 62,688 shares of company stock worth $8,014,859. 3.10% of the stock is currently owned by insiders.

Crocs Price Performance

Shares of CROX opened at $120.38 on Tuesday. The firm has a 50-day simple moving average of $129.15 and a two-hundred day simple moving average of $110.11. The stock has a market cap of $5.77 billion, a PE ratio of 10.40, a P/E/G ratio of 1.02 and a beta of 1.53. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 47.75% and a net margin of 14.64%.The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the firm posted ($8.82) earnings per share. The company'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, analysts forecast that Crocs, Inc. will post 13.95 EPS for the current 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.

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