Bank of America Corp DE Boosts Stake in Crocs, Inc. $CROX

Key Points

• Bank of America more than doubled its Crocs stake by 130.1% in the first quarter, reaching 342,053 shares valued at approximately $28.4 million. Institutional investors collectively own 93.44% of CROX.
• Crocs exceeded quarterly expectations, reporting $4.55 in EPS versus the $4.35 consensus and $1.18 billion in revenue. The company maintained fiscal 2026 EPS guidance of $13.70–$14.00.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $139.10 price target, while CEO Andrew Rees recently sold $2.65 million worth of shares.

Bank of America Corp DE increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 130.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 342,053 shares of the textile maker's stock after purchasing an additional 193,426 shares during the quarter. Bank of America Corp DE owned 0.69% of Crocs worth $28,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. LSV Asset Management raised its holdings in shares of Crocs by 33.1% during the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker's stock valued at $126,060,000 after purchasing an additional 366,537 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Crocs by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker's stock worth $123,760,000 after purchasing an additional 11,630 shares during the period. AQR Capital Management LLC raised its stake in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker's stock valued at $105,841,000 after buying an additional 1,012,943 shares during the last quarter. Alliancebernstein L.P. raised its stake in Crocs by 5.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker's stock valued at $119,551,000 after buying an additional 64,672 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Crocs by 78.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker's stock valued at $77,651,000 after buying an additional 399,964 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other 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 transaction of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 62,688 shares of company stock valued at $8,014,859. Insiders own 3.10% of the company's stock.

Crocs Stock Performance

CROX opened at $131.72 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.10 and a beta of 1.53. The company has a fifty day moving average of $129.28 and a 200 day moving average of $107.05. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CROX. Deutsche Bank Aktiengesellschaft assumed coverage on Crocs in a report on Monday, June 8th. They issued a "buy" rating on the stock. Monness Crespi & Hardt boosted their price target on Crocs from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Wells Fargo & Company started coverage on shares of Crocs in a research report on Monday, June 8th. They set a "buy" rating for the company. Barclays increased their price objective on shares of Crocs from $110.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Crocs from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $139.10.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company's product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.

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