28,022 Shares in Crocs, Inc. $CROX Purchased by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia acquired 28,022 Crocs shares worth approximately $3.38 million during the second quarter, giving it about a 0.06% stake. Institutional investors collectively own 93.44% of Crocs.
• Crocs reported quarterly EPS of $4.55, beating estimates of $4.35, while revenue rose 2.6% year over year to $1.18 billion. The company projected fiscal 2026 EPS of $13.70–$14.00.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $139.10, although Goldman Sachs retained a “sell” rating. CEO Andrew Rees recently sold 32,688 shares valued at roughly $3.86 million.

Bank of Nova Scotia acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,022 shares of the textile maker's stock, valued at approximately $3,381,000. Bank of Nova Scotia owned about 0.06% of Crocs at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CROX. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Crocs in the second quarter worth about $659,000. Evolve Private Wealth LLC bought a new position in Crocs during the second quarter valued at approximately $247,000. X Square Capital LLC bought a new position in Crocs during the second quarter valued at approximately $2,931,000. Allworth Financial LP purchased a new position in Crocs during the 2nd quarter valued at approximately $53,000. Finally, Vise Technologies Inc. purchased a new position in Crocs during the 2nd quarter valued at approximately $266,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the firm's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 62,688 shares of company stock valued at $8,014,859 over the last three months. Company insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CROX shares. The Goldman Sachs Group reaffirmed a "sell" rating and set a $95.00 price target on shares of Crocs in a research note on Friday, July 31st. UBS Group boosted their target price on shares of Crocs from $107.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Scotiabank assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued an "outperform" rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Crocs in a research report on Monday, June 8th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada initiated coverage on shares of Crocs in a report on Monday, June 8th. They issued an "overweight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $139.10.

Crocs Stock Down 2.3%

NASDAQ:CROX opened at $122.89 on Wednesday. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The company has a 50-day moving average of $129.36 and a 200 day moving average of $109.06. The firm has a market cap of $5.89 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. 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 announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the firm earned ($8.82) EPS. The business's revenue for the quarter 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, research analysts anticipate that Crocs, Inc. will post 13.95 EPS for the current fiscal 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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