Charles Schwab Investment Management Inc. Sells 55,127 Shares of Crocs, Inc. $CROX

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Crocs, Inc. by 7.7%, holding approximately 660,295 shares valued at $70.1 million following the sale of 55,127 shares.
• Despite Schwab's reduction, other institutional investors such as Victory Capital Management Inc. and D.A. Davidson & CO. increased their stakes in Crocs, with Victory boosting its position by 29.6%.
• Crocs reported strong quarterly earnings with an EPS of $4.23, surpassing estimates, and a revenue of $1.15 billion, marking a year-over-year increase of 3.4%.

Charles Schwab Investment Management Inc. lowered its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 660,295 shares of the textile maker's stock after selling 55,127 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.18% of Crocs worth $70,123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Crocs by 29.6% in the first quarter. Victory Capital Management Inc. now owns 36,563 shares of the textile maker's stock valued at $3,883,000 after buying an additional 8,353 shares during the period. Walter Public Investments Inc. boosted its holdings in shares of Crocs by 5.6% in the first quarter. Walter Public Investments Inc. now owns 70,475 shares of the textile maker's stock valued at $7,484,000 after buying an additional 3,736 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Crocs by 184.3% in the first quarter. D.A. Davidson & CO. now owns 7,083 shares of the textile maker's stock valued at $752,000 after buying an additional 4,592 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Crocs in the fourth quarter valued at approximately $419,000. Finally, PFG Investments LLC acquired a new position in shares of Crocs in the first quarter valued at approximately $1,297,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp reduced their price target on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Stifel Nicolaus reissued a "hold" rating and issued a $85.00 price objective (down previously from $127.00) on shares of Crocs in a research report on Friday, August 8th. Bank of America cut their price objective on shares of Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Barclays reissued an "equal weight" rating and issued a $81.00 price objective (down previously from $119.00) on shares of Crocs in a research report on Friday, August 8th. Finally, Needham & Company LLC cut their price objective on shares of Crocs from $129.00 to $89.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Nine 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.92.

Insider Buying and Selling at Crocs

In related news, EVP Susan L. Healy acquired 2,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $76.56 per share, with a total value of $153,120.00. Following the completion of the transaction, the executive vice president directly owned 50,078 shares of the company's stock, valued at $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John B. Replogle acquired 3,261 shares of the company's stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the transaction, the director directly owned 15,417 shares of the company's stock, valued at approximately $1,182,329.73. This trade represents a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.

Crocs Stock Performance

NASDAQ CROX traded up $0.8230 on Tuesday, hitting $83.7030. 579,948 shares of the stock were exchanged, compared to its average volume of 1,795,661. 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 business's fifty day moving average is $99.48 and its 200 day moving average is $101.26. Crocs, Inc. has a 52 week low of $73.76 and a 52 week high of $151.13. The company has a market capitalization of $4.57 billion, a PE ratio of 22.42, a P/E/G ratio of 1.95 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 (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.22. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $4.01 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. Research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Crocs Company 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.