Baird Financial Group Inc. Has $26.68 Million Stock Holdings in Crocs, Inc. $CROX

Key Points

• Baird Financial Group Inc. has increased its stake in Crocs, Inc. by 4.8%, adding 11,397 shares during the first quarter, bringing its total ownership to 251,230 shares valued at approximately $26.7 million.
• Recent analyst ratings for Crocs, Inc. have varied, with UBS Group lowering its price target to $85 and assigning a "neutral" rating, while Needham & Company LLC has increased its target to $100 with a "buy" rating.
• In insider trading news, Executive Vice President Susan L. Healy and Director John B. Replogle purchased shares at around $76.56 and $76.69, increasing their holdings significantly, indicating confidence in the company's future prospects.

Baird Financial Group Inc. increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 251,230 shares of the textile maker's stock after purchasing an additional 11,397 shares during the quarter. Baird Financial Group Inc. owned 0.45% of Crocs worth $26,681,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Costello Asset Management INC bought a new stake in Crocs during the 1st quarter worth approximately $32,000. Larson Financial Group LLC grew its stake in shares of Crocs by 541.8% during the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after acquiring an additional 298 shares in the last quarter. IMA Advisory Services Inc. bought a new position in shares of Crocs during the 1st quarter worth approximately $40,000. Brooklyn Investment Group bought a new position in shares of Crocs during the 1st quarter worth approximately $40,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of Crocs during the 1st quarter worth approximately $53,000. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 3,261 shares of the business's stock in a transaction on 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 acquisition, the director directly owned 15,417 shares of the company's stock, valued at $1,182,329.73. This trade represents a 26.83% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Susan L. Healy purchased 2,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of $76.56 per share, with a total value of $153,120.00. Following the acquisition, the executive vice president directly owned 50,078 shares in the company, valued at approximately $3,833,971.68. The trade was a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CROX shares. Barclays reaffirmed an "equal weight" rating and set a $81.00 price target (down from $119.00) on shares of Crocs in a research note on Friday, August 8th. The Goldman Sachs Group decreased their price target on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research note on Tuesday, July 22nd. Monness Crespi & Hardt decreased their price target 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 decreased their price target 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. Finally, Bank of America decreased their price target on shares of Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Crocs has an average rating of "Moderate Buy" and a consensus target price of $105.33.

Crocs Stock Down 2.9%

Shares of NASDAQ CROX traded down $2.57 during trading hours on Friday, hitting $86.45. The company had a trading volume of 1,252,866 shares, compared to its average volume of 2,201,716. The stock has a market capitalization of $4.72 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 2.05 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 1-year low of $73.76 and a 1-year high of $151.13. The firm's 50 day moving average is $95.44 and its 200-day moving average is $100.05.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data 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 quarter in the prior year, the firm posted $4.01 EPS. 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 fiscal year.

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.