Bank of America Corp DE Buys New Holdings in Crocs, Inc. $CROX

Key Points

• Bank of America acquired 280,340 Crocs shares during the second quarter, worth approximately $33.8 million and representing about 0.58% of the company. Other institutional investors also initiated positions, with institutions collectively owning 93.44% of Crocs.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $139.10. Ratings include one Strong Buy, ten Buys, seven Holds and two Sells.
• Crocs exceeded quarterly expectations, reporting $4.55 in EPS versus a $4.35 estimate and $1.18 billion in revenue, up 2.6% year over year. The company issued fiscal 2026 EPS guidance of $13.70–$14.00, while shares recently traded at $124.58.

Bank of America Corp DE purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 280,340 shares of the textile maker's stock, valued at approximately $33,820,000. Bank of America Corp DE owned approximately 0.58% of Crocs at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Man Group plc acquired a new stake in shares of Crocs during the 2nd quarter valued at about $3,138,000. Polar Asset Management Partners Inc. acquired a new position in Crocs in the second quarter worth about $2,458,000. Miller Value Partners LLC bought a new position in Crocs during the second quarter worth about $3,481,000. Jupiter Topco LLC bought a new position in Crocs during the second quarter worth about $2,403,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Crocs during the second quarter valued at approximately $8,071,000. Institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CROX shares. Scotiabank began coverage on Crocs in a research report on Monday, June 8th. They set an "outperform" rating for the company. Robert W. Baird set a $163.00 price target on Crocs in a research report on Friday, July 31st. Piper Sandler reiterated an "overweight" rating on shares of Crocs in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Crocs in a report on Monday, June 8th. They set a "buy" rating for the company. Finally, Weiss Ratings downgraded shares of Crocs from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Crocs currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.10.

Insider Transactions at Crocs

In related news, Director Beth J. Kaplan bought 885 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $112.12 per share, for a total transaction of $99,226.20. Following the transaction, the director owned 15,259 shares of the company's stock, valued at $1,710,839.08. This represents a 6.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 directly owned 713,293 shares of the company's stock, valued at approximately $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.10% of the company's stock.

Crocs Trading Up 0.7%

Shares of CROX opened at $124.58 on Wednesday. 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 company has a market cap of $5.97 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.03 and a beta of 1.52. The stock has a fifty day moving average price of $126.30 and a two-hundred day moving average price of $112.68. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company 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. Analysts predict that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Crocs Company Profile

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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