Crocs, Inc. $CROX Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Crocs, Inc. by 60.4% during the first quarter, now owning approximately 49,641 shares worth $5.27 million.
• A significant number of hedge funds are actively adjusting their holdings in Crocs, with firms like New Vernon Capital Holdings II growing their stake by an astounding 10,520%.
• Crocs reported a quarterly earnings per share of $4.23, surpassing the consensus estimate of $4.01, indicating a 3.4% year-over-year revenue growth.

Intech Investment Management LLC lifted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 60.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,641 shares of the textile maker's stock after purchasing an additional 18,697 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of Crocs worth $5,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of Crocs by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 168,730 shares of the textile maker's stock worth $18,483,000 after purchasing an additional 6,970 shares during the period. Cetera Investment Advisers raised its stake in Crocs by 53.8% in the fourth quarter. Cetera Investment Advisers now owns 19,750 shares of the textile maker's stock valued at $2,163,000 after buying an additional 6,908 shares during the period. Deutsche Bank AG increased its stake in shares of Crocs by 30.6% during the fourth quarter. Deutsche Bank AG now owns 4,585 shares of the textile maker's stock worth $502,000 after purchasing an additional 1,074 shares during the period. Ethic Inc. acquired a new stake in Crocs during the fourth quarter worth approximately $283,000. Finally, Focus Partners Wealth grew its position in Crocs by 72.9% during the fourth quarter. Focus Partners Wealth now owns 7,774 shares of the textile maker's stock worth $852,000 after buying an additional 3,278 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of several analyst reports. Barclays reaffirmed an "equal weight" rating and set a $81.00 target price (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Stifel Nicolaus reissued a "hold" rating and set a $85.00 target price (down previously from $127.00) on shares of Crocs in a report on Friday, August 8th. The Goldman Sachs Group cut their target price on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. UBS Group cut their price target on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Finally, KeyCorp dropped their target price on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.33.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle bought 3,261 shares of the stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director owned 15,417 shares in the company, valued at approximately $1,182,329.73. This represents a 26.83% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Healy acquired 2,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were purchased at an average price of $76.56 per share, with a total value of $153,120.00. Following the transaction, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. The trade was a 4.16% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.

Crocs Stock Up 1.5%

NASDAQ:CROX traded up $1.20 during midday trading on Wednesday, reaching $80.19. 862,240 shares of the stock traded hands, compared to its average volume of 1,797,429. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13. The business has a 50-day moving average of $91.91 and a two-hundred day moving average of $98.83. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The stock has a market capitalization of $4.38 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.40.

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

Crocs Profile

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.