Abacus FCF Advisors LLC Invests $4.03 Million in Crocs, Inc. $CROX

Key Points

• Abacus FCF Advisors acquired 33,379 Crocs shares worth approximately $4.03 million, joining a broader trend of institutional investment. Institutional investors collectively own 93.44% of CROX.
• Analyst sentiment is largely positive, with a consensus “Moderate Buy” rating and an average price target of $139.10; recent targets include $160 from Seaport Research Partners.
• Crocs beat quarterly earnings expectations with $4.55 in EPS and $1.18 billion in revenue, while shares recently traded at $125.73. CEO Andrew Rees sold 32,688 shares, and insiders sold approximately $8.0 million of stock over the past 90 days.

Abacus FCF Advisors LLC bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 33,379 shares of the textile maker's stock, valued at approximately $4,027,000. Abacus FCF Advisors LLC owned 0.07% of Crocs as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Crocs in the 2nd quarter valued at $561,223,000. AQR Capital Management LLC increased its position in shares of Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker's stock valued at $105,841,000 after purchasing an additional 1,012,943 shares during the period. Norges Bank acquired a new position in shares of Crocs in the fourth quarter valued at $67,545,000. Himalaya Capital Management LLC acquired a new position in shares of Crocs in the fourth quarter valued at $53,720,000. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Crocs by 78.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker's stock valued at $77,651,000 after purchasing an additional 399,964 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Crocs in a research note on Monday, June 8th. They issued a "buy" rating on the stock. Royal Bank Of Canada initiated coverage on Crocs in a report on Monday, June 8th. They issued an "overweight" rating for the company. Seaport Research Partners boosted their price target on Crocs from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Stifel Nicolaus upped their price target on Crocs from $105.00 to $125.00 and gave the company a "hold" rating in a research report on Monday, June 15th. Finally, Weiss Ratings raised shares of Crocs from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.10.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly owned 743,293 shares in the company, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 62,688 shares of company stock worth $8,014,859 in the last ninety days. 3.10% of the stock is currently owned by company insiders.

Crocs Trading Down 2.3%

Shares of NASDAQ CROX opened at $125.73 on Thursday. The company has a market cap of $6.03 billion, a PE ratio of 10.87, a P/E/G ratio of 1.07 and a beta of 1.53. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average of $129.56 and a two-hundred day moving average of $108.00. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating 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 company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the company posted ($8.82) EPS. 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. As a group, equities analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Crocs 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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