Corient Private Wealth LP Purchases New Shares in Crocs, Inc. $CROX

Key Points

• Corient Private Wealth bought 23,802 Crocs shares worth approximately $2.87 million in the second quarter, joining several other institutions initiating positions. Institutional investors collectively own 93.44% of CROX.
• Analyst sentiment is broadly positive, with Crocs holding a “Moderate Buy” consensus rating and an average price target of $139.10, despite Goldman Sachs maintaining a $95 sell target.
• Crocs beat quarterly earnings and revenue expectations, reporting $4.55 EPS and $1.18 billion in revenue, while revenue increased 2.6% year over year. CEO Andrew Rees sold 19,072 shares, and insiders have sold $8.0 million of stock over the past three months.

Corient Private Wealth LP purchased a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,802 shares of the textile maker's stock, valued at approximately $2,872,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pillsbury Lake Capital LLC purchased a new stake in shares of Crocs in the second quarter valued at $9,115,800. Bank of America Corp DE purchased a new position in shares of Crocs during the 2nd quarter worth about $33,820,000. Man Group plc bought a new position in Crocs during the 2nd quarter valued at about $3,138,000. Polar Asset Management Partners Inc. bought a new position in Crocs during the 2nd quarter valued at about $2,458,000. Finally, Miller Value Partners LLC purchased a new stake in Crocs in the 2nd quarter worth about $3,481,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other Crocs news, CEO Andrew Rees sold 19,072 shares of the company's stock in a transaction 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 approximately $99,083,530.63. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 62,688 shares of company stock valued at $8,014,859. 3.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CROX has been the subject of several analyst reports. Weiss Ratings raised shares of Crocs from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Crocs in a report on Monday, June 8th. They issued a "buy" rating on the stock. Royal Bank Of Canada started coverage on Crocs in a research note on Monday, June 8th. They set an "overweight" rating for the company. Wells Fargo & Company initiated coverage on Crocs in a report on Monday, June 8th. They set a "buy" rating for the company. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $95.00 price objective on shares of Crocs in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Crocs currently has an average rating of "Moderate Buy" and an average target price of $139.10.

Crocs Price Performance

Crocs stock opened at $115.28 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52. The firm has a 50-day moving average of $129.03 and a two-hundred day moving average of $110.34. 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 issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted ($8.82) earnings per share. 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. On average, research analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current year.

About Crocs

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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