California State Teachers Retirement System Trims Stock Position in Crocs, Inc. $CROX

Key Points

• California State Teachers Retirement System reduced its Crocs stake by 2.9%, selling 1,722 shares and retaining 58,344 shares valued at approximately $7.0 million. Institutional investors collectively own 93.44% of CROX.
• Crocs reported quarterly EPS of $4.55, topping estimates of $4.35, while revenue rose 2.6% year over year to $1.18 billion. The company guided for fiscal 2026 EPS of $13.70–$14.00.
• CROX has a “Moderate Buy” consensus rating with an average analyst price target of $139.10, compared with a recent share price of $112.10. CEO Andrew Rees also sold shares worth approximately $2.65 million.

California State Teachers Retirement System lessened its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,344 shares of the textile maker's stock after selling 1,722 shares during the period. California State Teachers Retirement System owned 0.12% of Crocs worth $7,038,620 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CROX. Himalaya Capital Management LLC purchased a new position in Crocs during the fourth quarter valued at approximately $53,720,000. Morningstar Investment Management LLC purchased a new stake in shares of Crocs during the first quarter worth approximately $867,000. Oldfield Partners LLP acquired a new position in shares of Crocs during the 2nd quarter worth approximately $2,449,000. Legal & General Group Plc purchased a new position in shares of Crocs in the 2nd quarter worth about $8,129,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Crocs during the 4th quarter valued at approximately $3,800,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Up 0.5%

Shares of CROX traded up $0.61 during midday trading on Tuesday, reaching $112.10. 567,726 shares of the company were exchanged, compared to its average volume of 1,184,346. The stock has a 50-day moving average price of $127.27 and a 200-day moving average price of $111.36. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 0.94 and a beta of 1.52.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the company earned ($8.82) earnings per share. The company's revenue 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. Research analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CROX shares. Royal Bank Of Canada started coverage on Crocs in a report on Monday, June 8th. They issued an "overweight" rating on the stock. Williams Trading set a $150.00 price target on shares of Crocs in a research report on Tuesday, June 9th. Piper Sandler reiterated an "overweight" rating on shares of Crocs in a research report on Friday, July 31st. Stifel Nicolaus upped their target price on Crocs from $105.00 to $125.00 and gave the company a "hold" rating in a report on Monday, June 15th. Finally, Barclays upped their price target on Crocs from $110.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus target price of $139.10.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the transaction, the chief executive officer directly owned 713,293 shares of the company's stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.

Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.

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