Allspring Global Investments Holdings LLC Grows Holdings in Crocs, Inc. $CROX

Key Points

• Allspring Global Investments Holdings LLC increased its holdings in Crocs by 2.2%, owning 219,668 shares worth approximately $23.5 million after purchasing an additional 4,720 shares.
• Other institutional investors, including New Vernon Capital and LSV Asset Management, have significantly increased their stakes in Crocs, reflecting a high level of interest among institutional investors.
• Crocs reported a quarterly EPS of $4.23, exceeding expectations, with revenue of $1.15 billion, marking a 3.4% year-over-year increase.

Allspring Global Investments Holdings LLC raised its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,668 shares of the textile maker's stock after purchasing an additional 4,720 shares during the period. Allspring Global Investments Holdings LLC owned about 0.39% of Crocs worth $23,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CROX. New Vernon Capital Holdings II LLC lifted its holdings in Crocs by 10,520.0% in 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 purchasing an additional 712,520 shares in the last quarter. LSV Asset Management increased 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 acquiring an additional 566,847 shares during the last quarter. Nuveen LLC acquired a new position in shares of Crocs during the 1st quarter valued at about $25,957,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Crocs by 43.2% during 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. Finally, Alliancebernstein L.P. increased its stake in shares of Crocs by 15.4% during the 1st quarter. Alliancebernstein L.P. now owns 1,115,733 shares of the textile maker's stock valued at $118,491,000 after acquiring an additional 148,964 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Price Performance

CROX opened at $83.15 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 52-week low of $73.76 and a 52-week high of $139.96. The company has a 50 day moving average of $82.51 and a two-hundred day moving average of $95.38. The company has a market cap of $4.54 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.91 and a beta of 1.43.

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

Insider Activity at Crocs

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

Analyst Ratings Changes

A number of research analysts have recently commented on CROX shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Crocs in a research note on Wednesday, October 8th. Monness Crespi & Hardt dropped their price objective on shares of Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, August 8th. KeyCorp dropped their price objective on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Citigroup downgraded shares of Crocs to a "negative" rating in a research note on Tuesday, October 7th. Finally, Piper Sandler downgraded shares of Crocs from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $95.00 to $75.00 in a research note on Monday, September 22nd. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $102.00.

About Crocs

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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