Cibc World Market Inc. Buys New Stake in Crocs, Inc. $CROX

Key Points

• CIBC World Market purchased 9,747 Crocs shares valued at approximately $1.18 million, while other institutions also initiated positions. Institutional investors and hedge funds now own 93.44% of CROX.
• Analyst sentiment remains positive, with Crocs carrying a “Moderate Buy” consensus rating and an average price target of $139.10; recent targets range from $120 to $163.
• Crocs exceeded quarterly expectations with earnings of $4.55 per share versus $4.35 expected and revenue of $1.18 billion. The company reported 2.6% year-over-year revenue growth and issued fiscal 2026 EPS guidance of $13.70–$14.00.

Cibc World Market Inc. purchased a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,747 shares of the textile maker's stock, valued at approximately $1,176,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new position in shares of Crocs during the 2nd quarter valued at about $4,068,000. Sanctuary Advisors LLC purchased a new stake in shares of Crocs in the second quarter worth about $701,000. Globeflex Capital L P purchased a new stake in shares of Crocs in the second quarter worth about $209,000. Clear Harbor Asset Management LLC acquired a new stake in Crocs during the second quarter worth about $1,249,000. Finally, Bank of Nova Scotia acquired a new stake in Crocs during the second quarter worth about $3,381,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Andrew Rees sold 19,072 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 62,688 shares of company stock valued at $8,014,859 over the last quarter. 3.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CROX. UBS Group lifted their price target on Crocs from $107.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Williams Trading set a $150.00 price objective on Crocs in a research report on Tuesday, June 9th. Royal Bank Of Canada began coverage on shares of Crocs in a research note on Monday, June 8th. They set an "overweight" rating on the stock. Robert W. Baird set a $163.00 target price on shares of Crocs in a report on Friday, July 31st. Finally, Needham & Company LLC boosted their target price on shares of Crocs from $132.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $139.10.

Crocs Price Performance

NASDAQ:CROX opened at $121.69 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $141.28. The stock's 50-day moving average price is $129.28 and its 200-day moving average price is $109.59. The stock has a market capitalization of $5.83 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.53.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.Crocs's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($8.82) EPS. 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 analysts expect that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Crocs 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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