ABS Direct Equity Fund LLC Reduces Position in Crocs, Inc. $CROX

Key Points

• ABS Direct Equity Fund LLC has reduced its position in Crocs, Inc. by 33.3%, selling 5,000 shares and now holding 10,000 shares, equating to a value of approximately $1,013,000.
• A number of institutional investors have significantly increased their holdings in Crocs, with New Vernon Capital Holdings II LLC raising its stake by 10,520% in the 1st quarter.
• Recent analyst reports show mixed ratings for Crocs, with price targets ranging from $81.00 to $100.00, indicating a general consensus rating of "Hold" and an average target of $102.00.

ABS Direct Equity Fund LLC decreased its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 33.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the textile maker's stock after selling 5,000 shares during the period. Crocs accounts for about 1.6% of ABS Direct Equity Fund LLC's holdings, making the stock its 22nd biggest position. ABS Direct Equity Fund LLC's holdings in Crocs were worth $1,013,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. New Vernon Capital Holdings II LLC raised its holdings in Crocs by 10,520.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker's stock valued at $76,389,000 after acquiring an additional 712,520 shares during the period. LSV Asset Management raised its stake in shares of Crocs by 180.9% during the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock valued at $93,484,000 after purchasing an additional 566,847 shares during the period. Nuveen LLC purchased a new stake in Crocs during the 1st quarter worth about $25,957,000. T. Rowe Price Investment Management Inc. boosted its stake in Crocs by 43.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 702,399 shares of the textile maker's stock worth $74,595,000 after purchasing an additional 211,855 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Crocs by 670.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 214,948 shares of the textile maker's stock worth $23,459,000 after purchasing an additional 187,051 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a "hold" rating and issued a $85.00 price target (down from $127.00) on shares of Crocs in a report on Friday, August 8th. Needham & Company LLC increased their target price on shares of Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Bank of America cut their price target on shares of Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a report on Friday, August 8th. Barclays reaffirmed an "equal weight" rating and issued a $81.00 price target (down previously from $119.00) on shares of Crocs in a report on Friday, August 8th. Finally, KeyCorp dropped their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Crocs currently has a consensus rating of "Hold" and an average price target of $102.00.

Insider Buying and Selling

In other Crocs news, Director John B. Replogle acquired 3,261 shares of the stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director owned 15,417 shares in the company, valued at $1,182,329.73. The trade was a 26.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Susan L. Healy bought 2,000 shares of Crocs stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $76.56 per share, for a total transaction of $153,120.00. Following the acquisition, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. The trade was a 4.16% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Crocs Trading Up 6.6%

Shares of CROX stock opened at $81.73 on Friday. The business has a 50-day moving average price of $87.94 and a two-hundred day moving average price of $97.65. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $148.25. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The firm has a market cap of $4.46 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, beating the consensus estimate of $4.01 by $0.22. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The company's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.

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