BI Asset Management Fondsmaeglerselskab A S Sells 23,595 Shares of Crocs, Inc. $CROX

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Crocs, Inc. by 30.3%, selling over 23,000 shares, which now values its remaining shareholding at approximately $5.77 million.
• Multiple institutional investors, including Hsbc Holdings PLC and Fuller & Thaler Asset Management Inc., have adjusted their positions in Crocs, indicating mixed investment strategies among stakeholders.
• Analysts have lowered their price targets for Crocs, with Goldman Sachs setting a "sell" rating and others like UBS Group and Stifel Nicolaus adjusting their ratings to "neutral" or "hold."

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 30.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,373 shares of the textile maker's stock after selling 23,595 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.10% of Crocs worth $5,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Crocs in the 1st quarter valued at $32,000. Larson Financial Group LLC boosted its position in shares of Crocs by 541.8% in the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after purchasing an additional 298 shares during the period. IMA Advisory Services Inc. acquired a new position in shares of Crocs in the 1st quarter valued at $40,000. Brooklyn Investment Group acquired a new position in shares of Crocs in the 1st quarter valued at $40,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Crocs in the 1st quarter valued at $53,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. The Goldman Sachs Group decreased their price objective on Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Stifel Nicolaus restated a "hold" rating and set a $85.00 price objective (down from $127.00) on shares of Crocs in a research report on Friday, August 8th. KeyCorp decreased their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Monness Crespi & Hardt decreased their price objective on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Barclays restated an "equal weight" rating and set a $81.00 price objective (down from $119.00) on shares of Crocs 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $104.42.

Insider Activity at Crocs

In related news, Director John B. Replogle purchased 3,261 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average price of $76.69 per share, with a total value of $250,086.09. Following the purchase, the director directly owned 15,417 shares in the company, valued at $1,182,329.73. This represents a 26.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Susan L. Healy purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average cost of $76.56 per share, for a total transaction of $153,120.00. Following the purchase, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. This represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Crocs Stock Up 3.3%

Shares of CROX traded up $2.75 during midday trading on Friday, reaching $86.56. 2,114,006 shares of the stock were exchanged, compared to its average volume of 2,942,694. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13. The firm has a 50 day simple moving average of $98.01 and a 200-day simple moving average of $100.88. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.99 and a beta of 1.41.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $4.01 by $0.22. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business earned $4.01 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. Crocs has set its Q3 2025 guidance at EPS. Research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

About Crocs

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.