BW Gestao de Investimentos Ltda. Reduces Holdings in Crocs, Inc. $CROX

Key Points

• BW Gestao de Investimentos Ltda. reduced its stake in Crocs, Inc. by 28.8% during Q1, now holding approximately 154,131 shares valued at $16.37 million.
• Institutional investors own 93.44% of Crocs stock, with various firms adjusting their positions, including new purchases by Costello Asset Management and IMA Advisory Services.
• Crocs reported $4.23 earnings per share for the last quarter, exceeding expectations and reflecting a 3.4% increase in revenue compared to the previous year.

BW Gestao de Investimentos Ltda. lessened its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 28.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,131 shares of the textile maker's stock after selling 62,462 shares during the period. Crocs makes up about 0.5% of BW Gestao de Investimentos Ltda.'s holdings, making the stock its 19th biggest position. BW Gestao de Investimentos Ltda. owned 0.27% of Crocs worth $16,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Crocs by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,136 shares of the textile maker's stock worth $333,000 after acquiring an additional 126 shares during the period. Parallel Advisors LLC increased its holdings in shares of Crocs by 26.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after buying an additional 132 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Crocs by 5.5% in the 1st quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker's stock worth $275,000 after buying an additional 135 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Crocs by 5.3% in the 4th quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock worth $299,000 after buying an additional 137 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in shares of Crocs by 20.9% in the 1st quarter. Whipplewood Advisors LLC now owns 1,064 shares of the textile maker's stock worth $113,000 after buying an additional 184 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Insider Activity at Crocs

In other Crocs news, Director John B. Replogle bought 3,261 shares of Crocs stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $76.69 per share, with a total value of $250,086.09. Following the completion of the purchase, the director owned 15,417 shares of the company's stock, valued at approximately $1,182,329.73. This represents a 26.83% 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, EVP Susan L. Healy bought 2,000 shares of Crocs stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the purchase, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Crocs Trading Down 2.9%

CROX traded down $2.57 during trading on Friday, hitting $86.45. 1,252,866 shares of the stock traded hands, compared to its average volume of 2,201,716. The firm has a market capitalization of $4.72 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 1.99 and a beta of 1.40. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. The firm has a 50-day moving average of $95.44 and a 200 day moving average of $99.97. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on CROX. KeyCorp decreased their price target on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Monness Crespi & Hardt decreased their price target on shares of Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Stifel Nicolaus reissued a "hold" rating and issued a $85.00 price target (down previously from $127.00) on shares of Crocs in a report on Friday, August 8th. The Goldman Sachs Group reduced their target price on shares of Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Finally, Barclays reaffirmed an "equal weight" rating and set a $81.00 target price (down previously from $119.00) on shares of Crocs in a report on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $105.33.

Crocs Profile

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.