Corebridge Financial Inc. Has $6.59 Million Stock Position in Crocs, Inc. $CROX

Key Points

• Corebridge Financial Inc. reduced its stake in Crocs, Inc. by 6.1%, selling 4,021 shares and holding a total of 62,036 shares valued at approximately $6.59 million.
• Several institutional investors, including PNC Financial Services and Parallel Advisors LLC, have increased their positions in Crocs during the first quarter.
• Crocs reported a quarterly EPS of $4.23, exceeding analysts' estimates, with revenue of $1.15 billion, reflecting a year-over-year growth of 3.4%.

Corebridge Financial Inc. cut its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,036 shares of the textile maker's stock after selling 4,021 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Crocs worth $6,588,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LSV Asset Management increased its position in Crocs by 180.9% during the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock valued at $93,484,000 after purchasing an additional 566,847 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Crocs by 215.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 372,450 shares of the textile maker's stock valued at $40,794,000 after purchasing an additional 254,212 shares in the last quarter. Nuveen LLC bought a new stake in shares of Crocs during the first quarter valued at approximately $25,957,000. T. Rowe Price Investment Management Inc. increased its position in Crocs by 43.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 702,399 shares of the textile maker's stock worth $74,595,000 after purchasing an additional 211,855 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Crocs by 670.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 214,948 shares of the textile maker's stock worth $23,459,000 after buying an additional 187,051 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of research reports. Stifel Nicolaus reaffirmed a "hold" rating and issued a $85.00 price objective (down from $127.00) on shares of Crocs in a research note on Friday, August 8th. Bank of America lowered their price objective on Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. KeyCorp reduced their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Barclays reissued an "equal weight" rating and set a $81.00 price objective (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Finally, UBS Group lowered their target price on Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Crocs has an average rating of "Moderate Buy" and an average price target of $105.33.

Crocs Trading Down 1.1%

Shares of NASDAQ:CROX traded down $0.99 during trading on Wednesday, reaching $89.38. 635,795 shares of the stock were exchanged, compared to its average volume of 1,783,651. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.40. The firm's 50-day moving average price is $96.23 and its 200 day moving average price is $100.42.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $4.01 by $0.22. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.Crocs's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 3,261 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $76.69 per share, with a total value of $250,086.09. Following the completion of the purchase, the director owned 15,417 shares in the company, valued at $1,182,329.73. This trade represents a 26.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Healy bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $76.56 per share, with a total value of $153,120.00. Following the purchase, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This represents a 4.16% 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.

About Crocs

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.