Arete Wealth Advisors LLC Sells 3,148 Shares of 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 lessened its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 18.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CROX. New Vernon Capital Holdings II LLC lifted its stake in shares of 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 during the period. LSV Asset Management increased its holdings in Crocs by 180.9% in the first quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock worth $93,484,000 after purchasing an additional 566,847 shares in the last quarter. Nuveen LLC bought a new stake in Crocs in the first quarter worth approximately $25,957,000. T. Rowe Price Investment Management Inc. increased its holdings 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 worth $74,595,000 after purchasing an additional 211,855 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Crocs by 670.5% in the first 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 in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Up 0.9%

Shares of NASDAQ:CROX opened at $87.19 on Tuesday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.99 and a beta of 1.40. 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 12-month low of $73.76 and a 12-month high of $151.13. The business's 50 day moving average is $95.16 and its 200 day moving average is $99.77.

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

Insider Activity at Crocs

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

Analysts Set New Price Targets

CROX has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a "hold" rating and issued a $85.00 target price (down from $127.00) on shares of Crocs in a report on Friday, August 8th. 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 report on Friday, August 8th. Barclays reaffirmed an "equal weight" rating and issued a $81.00 target price (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Monness Crespi & Hardt decreased their target price 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, UBS Group decreased their target price on Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

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