Baird Financial Group Inc. Raises Stock Position in Crocs, Inc. $CROX

Key Points

• Baird Financial Group increased its Crocs stake by 450.1% in the second quarter, bringing its holdings to 166,345 shares valued at approximately $20.1 million. Institutional investors collectively own 93.44% of Crocs.
• Crocs exceeded quarterly expectations, reporting $4.55 in EPS on $1.18 billion in revenue, while revenue rose 2.6% year over year. The company issued fiscal 2026 EPS guidance of $13.70–$14.00.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $139.10; however, CEO Andrew Rees recently sold shares worth about $2.65 million.

Baird Financial Group Inc. boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 450.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 166,345 shares of the textile maker's stock after acquiring an additional 136,106 shares during the period. Baird Financial Group Inc. owned about 0.35% of Crocs worth $20,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nykredit A S purchased a new stake in shares of Crocs during the second quarter worth about $263,000. Corient Private Wealth LP lifted its stake in Crocs by 107.3% in the 2nd quarter. Corient Private Wealth LP now owns 23,832 shares of the textile maker's stock valued at $2,875,000 after buying an additional 12,335 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Crocs in the 2nd quarter valued at about $2,386,000. California State Teachers Retirement System boosted its holdings in Crocs by 11,618.1% in the 2nd quarter. California State Teachers Retirement System now owns 7,038,620 shares of the textile maker's stock worth $849,139,000 after buying an additional 6,978,554 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Crocs in the 2nd quarter worth about $263,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Performance

Shares of Crocs stock opened at $112.48 on Friday. The business's 50 day moving average price is $127.55 and its 200 day moving average price is $111.16. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.91 and a beta of 1.52. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. Crocs, Inc. has a one year low of $73.21 and a one year high of $141.28.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the business earned ($8.82) EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, research analysts predict that Crocs, Inc. will post 13.95 EPS for the current year.

Analysts Set New Price Targets

CROX has been the subject of a number of research analyst reports. Monness Crespi & Hardt increased their target price on Crocs from $130.00 to $160.00 and gave the company a "buy" rating in a report on Friday, July 31st. Stifel Nicolaus lifted their price target on Crocs from $105.00 to $125.00 and gave the stock a "hold" rating in a research note on Monday, June 15th. Barclays boosted their price target on Crocs from $110.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Needham & Company LLC increased their price objective on Crocs from $132.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Wedbush initiated coverage on Crocs in a report on Monday, June 8th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Crocs currently has an average rating of "Moderate Buy" and an average price target of $139.10.

Insider Activity

In related news, CEO Andrew Rees sold 19,072 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the sale, the chief executive officer owned 713,293 shares of the company's stock, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company's stock.

About Crocs

Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.

Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.

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