Banco Bilbao Vizcaya Argentaria S.A. Sells 18,353 Shares of Crocs, Inc. $CROX

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has reduced its stake in Crocs, Inc. by 45.0%, resulting in the ownership of 22,469 shares valued at approximately $2.35 million.
• Several analysts have downgraded Crocs' price targets, with Goldman Sachs setting a "sell" rating and lowering the target from $88.00 to $87.00.
• Crocs' latest quarterly earnings report showed an EPS of $4.23, exceeding expectations, and the company provided EPS guidance of 13.2 for the current year.

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 45.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,469 shares of the textile maker's stock after selling 18,353 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Crocs were worth $2,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in Crocs by 35.6% in the fourth quarter. Wells Fargo & Company MN now owns 20,744 shares of the textile maker's stock valued at $2,272,000 after purchasing an additional 5,448 shares in the last quarter. NewEdge Advisors LLC raised its stake in Crocs by 19.0% in the fourth quarter. NewEdge Advisors LLC now owns 11,717 shares of the textile maker's stock valued at $1,283,000 after purchasing an additional 1,867 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Crocs by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock valued at $114,632,000 after purchasing an additional 89,647 shares in the last quarter. MetLife Investment Management LLC raised its stake in Crocs by 6.7% in the fourth quarter. MetLife Investment Management LLC now owns 33,285 shares of the textile maker's stock valued at $3,646,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Crocs by 342.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,950 shares of the textile maker's stock valued at $542,000 after purchasing an additional 3,830 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CROX. UBS Group dropped their price target on Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Barclays reiterated an "equal weight" rating and issued a $81.00 target price (down previously from $119.00) on shares of Crocs in a research report on Friday, August 8th. KeyCorp decreased their target price on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Stifel Nicolaus reiterated a "hold" rating and issued a $85.00 target price (down previously from $127.00) on shares of Crocs in a research report on Friday, August 8th. Finally, Monness Crespi & Hardt decreased their target price on Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.42.

Crocs Trading Down 0.3%

CROX stock traded down $0.27 during trading on Monday, hitting $86.29. The company had a trading volume of 1,261,367 shares, compared to its average volume of 1,796,823. The business has a 50-day moving average of $98.01 and a 200-day moving average of $100.92. Crocs, Inc. has a one year low of $73.76 and a one year high of $151.13. The stock has a market cap of $4.71 billion, a PE ratio of 23.13, a PEG ratio of 1.99 and a beta of 1.41. 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 announced its earnings results on Thursday, August 7th. The textile maker reported $4.23 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 business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the business posted $4.01 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. Crocs has set its Q3 2025 guidance at EPS. Research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Susan L. Healy bought 2,000 shares of Crocs stock in a transaction on Tuesday, August 12th. The stock was acquired at an average price 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 of the company's stock, valued at $3,833,971.68. This represents a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle bought 3,261 shares of Crocs stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $76.69 per share, with a total value of $250,086.09. Following the acquisition, the director directly owned 15,417 shares in the company, valued at approximately $1,182,329.73. This represents a 26.83% 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.

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.