California State Teachers Retirement System raised its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,066 shares of the textile maker's stock after purchasing an additional 8,440 shares during the period. California State Teachers Retirement System owned 0.12% of Crocs worth $4,987,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in CROX. MH & Associates Securities Management Corp ADV purchased a new stake in Crocs in the 4th quarter valued at about $1,736,000. Himalaya Capital Management LLC purchased a new position in shares of Crocs in the 4th quarter worth approximately $53,720,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Crocs by 92.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker's stock worth $2,564,000 after buying an additional 14,393 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Crocs in the fourth quarter valued at approximately $3,800,000. Finally, Morningstar Investment Management LLC bought a new position in shares of Crocs in the first quarter valued at approximately $867,000. Institutional investors and hedge funds own 93.44% of the company's stock.
Insider Activity
In related news, CEO Andrew Rees sold 32,688 shares of the company's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares in the company, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.
Crocs Stock Down 2.3%
Shares of NASDAQ:CROX opened at $134.18 on Friday. The firm has a market capitalization of $6.43 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.13 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. The stock has a 50 day moving average price of $127.54 and a 200-day moving average price of $104.98.
Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted ($8.82) earnings per share. The company'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. As a group, equities research analysts anticipate that Crocs, Inc. will post 13.97 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have commented on CROX shares. Stifel Nicolaus lifted their price objective on shares of Crocs from $105.00 to $125.00 and gave the stock a "hold" rating in a research report on Monday, June 15th. Scotiabank began coverage on Crocs in a research note on Monday, June 8th. They issued an "outperform" rating for the company. Weiss Ratings upgraded shares of Crocs from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, July 31st. Monness Crespi & Hardt upped their price target on shares of Crocs from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Crocs in a report on Monday, June 8th. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus target price of $135.09.
Get Our Latest Stock Report on CROX
Crocs Company Profile
(
Free Report)
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.
Further Reading
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