Chase Investment Counsel Corp Invests $1.45 Million in Crocs, Inc. $CROX

Key Points

• Chase Investment Counsel purchased 12,000 Crocs shares in the second quarter, valued at approximately $1.45 million. Institutional investors collectively own 93.44% of the company.
• Analyst sentiment is broadly positive, with Crocs carrying a consensus “Moderate Buy” rating and an average price target of $139.10; Bank of America recently raised its target to $160.
• Crocs exceeded quarterly earnings expectations, reporting $4.55 in EPS versus a $4.35 estimate and $1.18 billion in revenue. However, CEO Andrew Rees sold 32,688 shares for approximately $3.86 million, and insiders have sold about $8.01 million in stock over the past 90 days.

Chase Investment Counsel Corp purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,000 shares of the textile maker's stock, valued at approximately $1,447,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CROX. Root Financial Partners LLC lifted its position in shares of Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker's stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Torren Management LLC bought a new position in shares of Crocs in the fourth quarter worth about $39,000. Parallel Advisors LLC increased its stake in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker's stock worth $41,000 after buying an additional 186 shares during the period. Global Retirement Partners LLC purchased a new position in Crocs in the 2nd quarter worth about $42,000. Finally, National Bank of Canada FI lifted its holdings in Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker's stock valued at $65,000 after buying an additional 663 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 32,688 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the transaction, the chief executive officer owned 743,293 shares of the company's stock, valued at $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 62,688 shares of company stock valued at $8,014,859 over the last ninety days. Insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CROX. Royal Bank Of Canada started coverage on shares of Crocs in a research report on Monday, June 8th. They issued an "overweight" rating for the company. Robert W. Baird set a $163.00 target price on shares of Crocs in a research report on Friday, July 31st. Weiss Ratings raised shares of Crocs from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday. Wedbush initiated coverage on Crocs in a report on Monday, June 8th. They issued an "outperform" rating for the company. Finally, Bank of America increased their price objective on Crocs from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.10.

Crocs Price Performance

Shares of Crocs stock opened at $131.72 on Monday. 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's 50-day moving average is $129.28 and its two-hundred day moving average is $107.05. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.10 and a beta of 1.53.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted ($8.82) EPS. The company's quarterly 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. As a group, research analysts expect 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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