BlackRock Inc. Purchases New Position in Crocs, Inc. $CROX

BlackRock Inc. acquired a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,652,050 shares of the textile maker's stock, valued at approximately $561,223,000. BlackRock Inc. owned approximately 9.70% of Crocs as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Himalaya Capital Management LLC purchased a new position in shares of Crocs during the fourth quarter valued at $53,720,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker's stock valued at $2,564,000 after acquiring an additional 14,393 shares in the last quarter. Morningstar Investment Management LLC purchased a new stake in Crocs in the first quarter worth about $867,000. Landscape Capital Management L.L.C. purchased a new stake in Crocs in the fourth quarter worth about $3,800,000. Finally, NewEdge Wealth LLC bought a new position in Crocs during the 4th quarter worth about $971,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of research reports. Royal Bank Of Canada started coverage on shares of Crocs in a research report on Monday, June 8th. They set an "overweight" rating on the stock. Wedbush began coverage on shares of Crocs in a research note on Monday, June 8th. They set an "outperform" rating on the stock. Robert W. Baird set a $163.00 price objective on shares of Crocs in a report on Friday, July 31st. Seaport Research Partners boosted their price objective on shares of Crocs from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Finally, Barclays upped their target price on Crocs from $110.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $139.10.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction that occurred on 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 in the company, valued at $99,083,530.63. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 62,688 shares of company stock valued at $8,014,859. 3.10% of the stock is owned by company insiders.

Crocs Trading Up 3.1%

Shares of NASDAQ:CROX opened at $125.84 on Tuesday. The business's 50-day moving average is $129.45 and its 200 day moving average is $108.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $141.28. The firm has a market capitalization of $6.03 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.02 and a beta of 1.53.

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 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned ($8.82) earnings per share. The company'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. On average, research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

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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