Clear Harbor Asset Management LLC Purchases New Position in Crocs, Inc. $CROX

Key Points

• Clear Harbor Asset Management initiated a Crocs position by purchasing 10,352 shares worth approximately $1.25 million. Institutional investors collectively own 93.44% of the company.
• Wall Street analysts maintain a “Moderate Buy” consensus rating, with an average price target of $139.10; several firms recently raised their targets to as high as $160.
• Crocs beat quarterly expectations with adjusted EPS of $4.55 versus $4.35 expected and revenue of $1.18 billion, up 2.6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $13.70–$14.00.

Clear Harbor Asset Management LLC acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,352 shares of the textile maker's stock, valued at approximately $1,249,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Crocs in the 2nd quarter valued at $561,223,000. LSV Asset Management grew its holdings in Crocs by 33.1% in the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker's stock valued at $126,060,000 after buying an additional 366,537 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Crocs by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker's stock worth $123,760,000 after buying an additional 11,630 shares during the period. AQR Capital Management LLC increased its position in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker's stock worth $105,841,000 after buying an additional 1,012,943 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Crocs by 5.8% during the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker's stock worth $119,551,000 after buying an additional 64,672 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CROX shares. 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 report on Friday, July 24th. Monness Crespi & Hardt lifted their price objective on shares of Crocs from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Williams Trading set a $150.00 price objective on shares of Crocs in a report on Tuesday, June 9th. Wedbush began coverage on shares of Crocs in a research report on Monday, June 8th. They set an "outperform" rating on the stock. Finally, Barclays raised their target price on shares of Crocs from $110.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. One research 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.10.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 62,688 shares of company stock valued at $8,014,859 in the last quarter. Insiders own 3.10% of the company's stock.

Crocs Stock Performance

Shares of Crocs stock opened at $122.11 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The company has a market cap of $5.85 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53. The company has a 50 day moving average of $129.45 and a 200-day moving average of $108.37. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned ($8.82) earnings per share. The company's revenue was up 2.6% on a year-over-year basis. 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 forecast 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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