Bank of New York Mellon Corp Makes New $39.61 Million Investment in Crocs, Inc. $CROX

Key Points

• Bank of New York Mellon purchased 328,330 Crocs shares worth approximately $39.61 million, giving it a 0.68% stake. Institutional investors and hedge funds collectively own 93.44% of CROX.
• Crocs exceeded quarterly expectations, reporting $4.55 in earnings per share and $1.18 billion in revenue, while revenue increased 2.6% year over year. Management guided to fiscal 2026 EPS of $13.70–$14.00.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $139.10, although targets range from $95 to $163. Meanwhile, Crocs’ CEO sold 32,688 shares, and insiders have sold approximately $8.0 million worth of stock over the past three months.

Bank of New York Mellon Corp purchased a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 328,330 shares of the textile maker's stock, valued at approximately $39,610,000. Bank of New York Mellon Corp owned approximately 0.68% of Crocs at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State of Wyoming purchased a new position in shares of Crocs during the 2nd quarter worth approximately $89,000. GSA Capital Partners LLP purchased a new stake in Crocs in the 2nd quarter valued at approximately $320,000. Oppenheimer Asset Management Inc. acquired a new stake in Crocs during the 2nd quarter valued at $421,000. Oldfield Partners LLP acquired a new stake in Crocs during the 2nd quarter valued at $2,449,000. Finally, Stonehearth Capital Management LLC purchased a new position in Crocs during the second quarter worth $201,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $122.23 on Friday. The company has a market cap of $5.86 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.02 and a beta of 1.53. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $141.28. The business has a fifty day simple moving average of $129.22 and a 200-day simple moving average of $109.67.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping 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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted ($8.82) earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Equities research analysts forecast that Crocs, Inc. will post 13.95 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CROX shares. Robert W. Baird set a $163.00 price objective on Crocs in a research report on Friday, July 31st. The Goldman Sachs Group reissued a "sell" rating and issued a $95.00 target price on shares of Crocs in a research note on Friday, July 31st. UBS Group upped their target price on shares of Crocs from $107.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Wells Fargo & Company began coverage on shares of Crocs in a research note on Monday, June 8th. They set a "buy" rating on the stock. Finally, Seaport Research Partners boosted their price objective on shares of Crocs from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.10.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer directly owned 743,293 shares in the company, valued at $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 62,688 shares of company stock worth $8,014,859. Corporate insiders own 3.10% of the company's stock.

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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