Arete Wealth Advisors LLC Cuts Stake in Crocs, Inc. $CROX

Key Points

• Arete Wealth Advisors LLC reduced its stake in Crocs, Inc. by 18.2%, owning 14,194 shares worth approximately $1.5 million after selling 3,148 shares.
• Recent changes in the investment landscape saw significant increases in holdings by other institutional investors, with New Vernon Capital Holdings II LLC raising its stake by an astounding 10,520%.
• Crocs' latest earnings report showed an EPS of $4.23, exceeding estimates, while the stock has experienced fluctuating target prices from various analysts, with an average target price of $105.33.

Arete Wealth Advisors LLC reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,194 shares of the textile maker's stock after selling 3,148 shares during the period. Arete Wealth Advisors LLC's holdings in Crocs were worth $1,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CROX. New Vernon Capital Holdings II LLC lifted its stake in shares of Crocs by 10,520.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker's stock worth $76,389,000 after buying an additional 712,520 shares during the period. LSV Asset Management lifted its position in Crocs by 180.9% during the first 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 acquired a new position in Crocs during the first quarter valued at $25,957,000. T. Rowe Price Investment Management Inc. lifted its position in Crocs by 43.2% during 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 purchasing an additional 211,855 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Crocs by 670.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 214,948 shares of the textile maker's stock valued at $23,459,000 after purchasing an additional 187,051 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CROX shares. Monness Crespi & Hardt decreased their target price on shares of Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. The Goldman Sachs Group decreased their target price on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Needham & Company LLC boosted their target price on shares of Crocs from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Barclays restated an "equal weight" rating and set a $81.00 target price (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Finally, UBS Group decreased their target price on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $105.33.

Crocs Price Performance

Shares of Crocs stock traded down $3.52 during trading hours on Friday, reaching $77.43. The stock had a trading volume of 2,712,591 shares, compared to its average volume of 1,670,269. The stock's 50 day moving average is $93.04 and its 200 day moving average is $99.12. The firm has a market capitalization of $4.23 billion, a PE ratio of 20.76, a PEG ratio of 1.78 and a beta of 1.40. Crocs, Inc. has a twelve month low of $73.76 and a twelve month high of $151.13. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97.

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

Insider Transactions at Crocs

In related news, Director John B. Replogle bought 3,261 shares of the business's stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $76.69 per share, with a total value of $250,086.09. Following the completion of the purchase, the director directly owned 15,417 shares of the company's stock, valued at approximately $1,182,329.73. This trade represents a 26.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Susan L. Healy bought 2,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $76.56 per share, with a total value of $153,120.00. Following the purchase, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

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.