AQR Capital Management LLC Sells 5,512 Shares of Crocs, Inc. $CROX

Key Points

• AQR Capital Management LLC reduced its stake in Crocs, Inc. by 8.3% during the first quarter, now owning approximately 0.11% of the company's shares valued at $6.29 million.
• Crocs reported earnings of $4.23 per share, exceeding analyst expectations of $4.01, with revenues of $1.15 billion in the recent quarter.
• Analysts have recently adjusted their price targets for Crocs, with Stifel Nicolaus lowering its target from $127 to $85, while Needham & Company raised theirs from $89 to $100, showcasing mixed outlooks.

AQR Capital Management LLC cut its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 8.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,728 shares of the textile maker's stock after selling 5,512 shares during the quarter. AQR Capital Management LLC owned 0.11% of Crocs worth $6,285,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its holdings in Crocs by 4.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker's stock worth $144,678,000 after purchasing an additional 53,916 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Crocs by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker's stock valued at $122,608,000 after purchasing an additional 108,076 shares during the period. LSV Asset Management grew its position in Crocs by 180.9% in the first 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 period. T. Rowe Price Investment Management Inc. grew its position in Crocs by 43.2% in the first 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 period. Finally, Northern Trust Corp boosted its stake in Crocs by 0.5% in the first quarter. Northern Trust Corp now owns 606,520 shares of the textile maker's stock worth $64,412,000 after purchasing an additional 2,786 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Crocs Stock Performance

NASDAQ:CROX traded down $0.18 during mid-day trading on Thursday, hitting $80.36. 2,137,185 shares of the stock were exchanged, compared to its average volume of 1,764,360. The firm's 50-day simple moving average is $90.92 and its 200 day simple moving average is $98.57. Crocs, Inc. has a fifty-two week low of $73.76 and a fifty-two week high of $151.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40.

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

Analysts Set New Price Targets

CROX has been the topic of a number of research reports. Stifel Nicolaus restated 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. The Goldman Sachs Group lowered their price target on Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. KeyCorp decreased their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Monness Crespi & Hardt reduced their price target on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Barclays reissued an "equal weight" rating and set a $81.00 price target (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $105.33.

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.