Alliancebernstein L.P. Purchases 148,964 Shares of Crocs, Inc. $CROX

Key Points

• Alliancebernstein L.P. increased its stake in Crocs, Inc. by 15.4%, acquiring an additional 148,964 shares to reach a total of 1,115,733 shares worth approximately $118.5 million.
• Insider transactions showed significant activity, with EVP Susan L. Healy purchasing 2,000 shares and Director John B. Replogle acquiring 3,261 shares, indicating confidence in the company's future.
• Analysts have mixed views on Crocs, with price targets being lowered by several brokerages while maintaining a consensus rating of "Moderate Buy."

Alliancebernstein L.P. grew its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 15.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,115,733 shares of the textile maker's stock after acquiring an additional 148,964 shares during the period. Alliancebernstein L.P. owned 1.99% of Crocs worth $118,491,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CROX. LSV Asset Management lifted its stake in shares of Crocs by 180.9% in the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock valued at $93,484,000 after acquiring an additional 566,847 shares during the last quarter. Nuveen LLC bought a new position in shares of Crocs in the 1st quarter valued at $25,957,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of 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 valued at $74,595,000 after acquiring an additional 211,855 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Crocs by 670.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 214,948 shares of the textile maker's stock valued at $23,459,000 after acquiring an additional 187,051 shares during the last quarter. Finally, Fund 1 Investments LLC bought a new position in shares of Crocs in the 4th quarter valued at $18,456,000. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

In other Crocs news, EVP Susan L. Healy purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, with a total value of $153,120.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle purchased 3,261 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the transaction, the director owned 15,417 shares in the company, valued at $1,182,329.73. This represents a 26.83% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CROX. Monness Crespi & Hardt dropped their price target on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Needham & Company LLC raised their target price on Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Stifel Nicolaus reaffirmed a "hold" rating and set a $85.00 target price (down from $127.00) on shares of Crocs in a research report on Friday, August 8th. KeyCorp lowered their target price on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, Bank of America lowered their target price on Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Crocs has an average rating of "Moderate Buy" and an average target price of $105.33.

Crocs Stock Performance

Shares of CROX opened at $86.45 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. The stock has a 50-day moving average of $95.44 and a 200-day moving average of $100.05. The company has a market cap of $4.72 billion, a PE ratio of 23.18, a P/E/G ratio of 2.05 and a beta of 1.40. Crocs, Inc. has a one year low of $73.76 and a one year high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Crocs Company 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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