28,856 Shares in Crocs, Inc. $CROX Bought by Miller Value Partners LLC

Key Points

• Miller Value Partners acquired 28,856 Crocs shares worth approximately $3.48 million, giving it a 0.06% stake. Institutional investors collectively own 93.44% of the company.
• Crocs exceeded quarterly expectations, reporting $4.55 in EPS and $1.18 billion in revenue, while revenue rose 2.6% year over year. Management issued fiscal 2026 EPS guidance of $13.70 to $14.00.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $139.10 price target, although CEO Andrew Rees sold 32,688 shares and insiders have sold about $8.0 million of stock in the past 90 days.

Miller Value Partners LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,856 shares of the textile maker's stock, valued at approximately $3,481,000. Miller Value Partners LLC owned approximately 0.06% of Crocs at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of Crocs by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker's stock worth $1,085,000 after buying an additional 120 shares during the period. Root Financial Partners LLC lifted 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 valued at $27,000 after acquiring an additional 157 shares during the period. L2 Asset Management LLC lifted its position in Crocs by 5.4% during the 4th quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker's stock valued at $284,000 after acquiring an additional 169 shares during the period. PNC Financial Services Group Inc. lifted its position in Crocs by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker's stock valued at $373,000 after acquiring an additional 176 shares during the period. Finally, Parallel Advisors LLC boosted its stake in 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 acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 32,688 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 743,293 shares of the company's stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 62,688 shares of company stock valued at $8,014,859. 3.10% of the stock is owned by insiders.

Crocs Stock Performance

Shares of CROX stock opened at $122.89 on Wednesday. Crocs, Inc. has a one year low of $73.21 and a one year high of $141.28. The company's 50-day moving average is $129.36 and its 200 day moving average is $109.06. The company has a market capitalization of $5.89 billion, a price-to-earnings 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 quick ratio of 0.96 and a current ratio of 1.49.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. 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 company earned ($8.82) earnings per share. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Sell-side analysts expect that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CROX. Royal Bank Of Canada assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued an "overweight" rating on the stock. Robert W. Baird set a $163.00 price target on Crocs in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Crocs in a research report on Monday, June 8th. They issued a "buy" rating on the stock. Needham & Company LLC raised their price objective on Crocs from $132.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Crocs in a research report on Friday, July 31st. One investment 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.10.

Crocs Company 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.

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